The Ibovespa edged up above the 170,000 mark on Wednesday as investors focused on monetary policy decisions from the BCB and the US Federal Reserve. Markets largely expect Brazil's central bank to cut the Selic rate by 25 basis points to 14.25%, although a pause remains possible amid a worsening external backdrop, higher oil prices, and deteriorating inflation expectations. As expected, the Fed left interest rates unchanged at 3.50%-3.75% and signaled a more hawkish outlook, reinforcing expectations that borrowing costs could remain elevated for longer. However, easing concerns over energy-driven inflation and growing expectations of a dovish stance from the BCB supported sentiment. Banks posted gains, with Itau rising 2% and Bradesco adding 1.2%. WEG advanced nearly 3% after approving R$438.1 million in interest on equity, while Vale fell more than 1% amid lower iron ore prices.