International Preview For the Week of July 27-31

     While all eyes will be on the Fed’s announcement later this week, keep your eye on Brazil, which releases its policy statement on the same day.  CPI increased from 6.5% in July of last year to 8.89% in its latest reading.  The central bank has raised rates 175 basis points since September in an attempt to stave off the increase.  However, they have had little impact thanks to a plummeting exchange rate.  This situation is a microcosm of the problems faced by Latin American commodity exporters, who have

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