The Ibovespa rose to new record levels above 158,500 on Thursday amid growing expectations of a Fed rate cut next month and a drop in the General Market Price Index. Firms exposed to the US market and credit gained as optimism over December cuts persisted. The IGP-M moved back into deflation on a 12-month basis for the first time in 18 months at -0.11%, reinforcing sentiment about future rate cuts in Brazil. Major banks advanced, with Bradesco up 0.2% and Ita