Brazilian unemployment dropped to a record-low 4.6% in December from 4.9% previously. Still, the...

|By:, SA News Editor
Brazilian unemployment dropped to a record-low 4.6% in December from 4.9% previously. Still, the print missed expectations of 4.4% as the economy continues its sluggish growth. With inflation threatening to top the 6.5% target, don't look for the central bank to resume the recently-halted year-long series of rate cuts. After a tough 2012, Brazilian shares (EWZ) continue to lag.