Trump announces higher rates than expected and drops markets

European scholarships have also paved sharply, and future markets indicate the same path to US stock rates.

Bukele approves law that allows unlimited reelection in El Salvador
El Salvador President Nayib Bukele was approved by Congress of a constitutional reform that expands the presidential term from 5 to 6 years and allows unlimited reelection. Bukele’s current term was shortened in 2 years to allow elections in March 2027. The measure was approved with 57 votes in favor and 3 opposites. Bukele has great popular approval thanks to his “war on gangs”, which has reduced the rates of violence in the country, but at the exception of an exception that allows mass arrests without court order and accusations of violation of human rights.

Inflation in the USA is discharged in the wake of Trump fares
Inflation in the US rose again in June and reached 2.6% per year, above the target of 2% and the 2.5% foreseen in a poll made by the Marketwatch Financial News Site. The so -called underlying inflation, which excludes volatile sectors, such as food and energy, was 2.8%. According to Reuters agency, part of the inflation is due to Trump fares, which have already made products with furniture and recreational products. Price behavior should reinforce interest rate maintenance policy at a historically high level, despite Donald Trump’s pressure for its reduction.

Portuguese government announces plans to recognize Palestinian State
The government of the center-right of Prime Minister Luís Montenegro, from Portugal, said yesterday that he will start consultations with the parties and the presidency “in order to consider the recognition of the Palestinian state”. According to the office statement, the measure can be formalized during the UN General Assembly in September. President Marcelo de Sousa classified the ‘very prudent and very sensible’ process. The initiative follows similar announcements made by France, the UK and Canada. Israel has claimed that recognition of the Palestinian state is a reward to Hamas.