The Ibovespa rose 0.4% to trade above 144,500 on Wednesday, supported by expectations of a Fed rate cut and comments from Chair Jerome Powell later today. Markets widely anticipate a 25 bps cut, bringing the federal funds rate to 4.00–4.25%. Historically, Brazilian equities perform strongly after US cutting cycles, with domestic sectors leading before the first move and commodities rebounding afterward. Locally, the Copom is expected to hold the Selic at 15%. On the corporate front, GPA jumped 4.6% after announcing plans for a R$500 million private capital raise, equal to about 25% of its market value. Banks gained (Ita