Fiscal risk: how can public finances influence the dollar, interest rates, and the stock market?
More than the size of public debt, its trajectory worries investors and may determine how Brazilian assets perform
News about public spending can change the direction of the dollar, futures interest rates, and the stock market, even without immediately affecting the real economy. For those trading in the market, the challenge is identifying when concerns about government finances begin to influence prices.
This link between expectations and asset movements took center stage at Casa Clear 2026, where Rafael Perretti, an economist at Clear Corretora, was interviewed by InfoMoney.
At the heart of this analysis is a variable closely watched by investors: the trajectory of Brazil’s public debt.
More than the size of public debt, its trajectory worries investors and may determine how Brazilian assets perform
News about public spending can change the direction of the dollar, futures interest rates, and the stock market, even without immediately affecting the real economy. For those trading in the market, the challenge is identifying when concerns about government finances begin to influence prices.
This link between expectations and asset movements took center stage at Casa Clear 2026, where Rafael Perretti, an economist at Clear Corretora, was interviewed by InfoMoney.
At the heart of this analysis is a variable closely watched by investors: the trajectory of Brazil’s public debt.
