Itaú USA

Thank you for another successful Open Doors session at our Miami office! Fernando Mattar Beyruti, Global Head at Itaú Private Bank, Felipe Nabuco, Global Head of Investments and Client Relations, and Sylvio Castro, Head of Global Investment Solutions, led an insightful session last week, discussing digital transformation, global alignment strategies, and plans for 2025. Thank you to everyone who participated, and a special thanks to Fernando, Felipe and Sylvio for sharing their expertise.

One of our missions at Itaú Private Bank is to help our clients to have a successful succession in a family business. With this in mind, William Heuseler, Global Head of Wealth Planning, discusses in the new edition of Wealth Planning Insights how to have a smooth transition to the next generation of leadership. Watch the video and learn more ??

It’s Movember, and we’re proudly celebrating Men’s Health Awareness Month! At Itaú, we know investing—and investing in your health—is just as important as building financial security. Stay active, keep up with regular check-ups, and let’s ensure a healthier future together.? ? #Movember #MensHealth #ItaúUSA

We are delighted to share the success of our recent exclusive client event hosted by Itaú Private Bank Zurich in Switzerland! Our art-loving clients enjoyed a private tour of the Zentrum Paul Klee in Bern, where they had the unique opportunity to explore the captivating exhibition "Brasil! Brasil! The Birth of Modernism", featuring renowned Brazilian artists such as Candido Portinari, Tarsila do Amaral, and Djanira. Thanks to our clients who joined us and made this event a remarkable success!

Being a unique bank for each of our clients is more than a challenge - it's a globally recognized commitment. ? It is thanks to them that we’ve been awarded Best Private Bank by The Banker for the 13th time. ? It's a great satisfaction to see that our efforts in product innovation, growth strategy, and operational efficiency have paid off. But the true recognition is knowing that all of this is only possible because it’s done by people, for people.

The Federal Reserve has just cut rates by 0.25 percentage points in a unanimous decision. Following the U.S. election results, the Fed gathered to assess and discuss policies. In the conference, Jerome Powell, Chair of the Federal Reserve of the United States, steered clear of directly speaking about the election, stating that it doesn't affect the near-term outlook. He said the latest inflation report “wasn't terrible,” but that price increases were a little higher than expected. The current PCE inflation rate is 2.1%, much closer to their target, while core inflation remains at a considerably higher 2.7%. Powell also noted that the committee will continue to assess incoming data, including risks, and make decisions on a meeting-by-meeting basis.

In September, the Federal Reserve made its first rate cut of 2024, lowering rates by 0.50%. With inflation nearing target and signs of resilience in the U.S. economy, markets are now focused on the upcoming November FOMC meeting. What do you expect the Fed will do with interest rates on November 7th????

The U.S. Presidential Election is set to take place today, November 5th. About 186.5 million Americans are registered to vote in 2024, an increase in civic engagement since 2022 when there were 161.42 million. Stay informed on more trends impacting markets by following our LinkedIn page.

In this month's edition of International Markets, Marcio Brito, Head Investor at Itaú Private Bank International, analyzes the main events of October and explains how investors are positioning themselves for the US Presidential Election results. Watch the video ??

November begins with important monetary policy decisions in Brazil and the USA, as well as jobs report, industrial production, and much more. Check out the full calendar and follow the main macroeconomic events of the month ??