Ibovespa Falls as Fed Hike Bets Rise on Strong US Data, Oil

Brazil's Ibovespa reversed early gains to close lower as global risk aversion returned, driven by stronger US economic data and hawkish Fed commentary that boosted expectations for two more rate hikes in October and December. Rising Treasury yields and oil prices pressured emerging-market equities, outweighing optimism over Brazil's electoral outlook. The shift in Fed policy expectations marks a reversal from prior market pricing and raises headwinds for Brazilian risk assets.