Brazil Hikes Key Rate in Rousseffs Inflation Fight

The US Federal Reserve has ended its third round of bond buying, concluding the Quantitative Easing program. Investors are now focused on when the Fed will raise interest rates for the first time since 2008. The Central Bank has acquired over $3 trillion in assets, with the S&P 500 increasing by 120%. Meanwhile, Spain's economic growth slowed in the third quarter, with GDP rising by 0.5% and consumer prices falling by 0.2% in October. In Brazil, the Central Bank unexpectedly raised interest rates by 0.25% to 11.25% to combat inflation, following President Dilma Rousseff's reelection.

What significant action did the US Federal Reserve take to conclude its Quantitative Easing program?

• Started a new asset purchase program

• Increased interest rates

• Ended bond buying

• Decreased interest rates

By how much has the S&P 500 increased since the beginning of the Quantitative Easing program?

• 120%

• 200%

• 100%

• 150%

What was the GDP growth rate for Spain in the third quarter?

• 0.2%

• 1.5%

• 0.5%

• 1.0%

What unexpected action did Brazil's Central Bank take after President Dilma Rousseff's reelection?

• Implemented a tax cut

• Raised interest rates

• Lowered interest rates

• Introduced a new currency

What was the primary reason for Brazil's Central Bank to raise interest rates?

• To control inflation

• To increase foreign investment

• To reduce unemployment

• To boost economic growth