BUSINESS NETWORKING RECEPTION AT ORNARE
November 15, 2018
Time: 5:30 PM to 7:30 PM
Location: Ornare NYC Flagship Store, New York,
New York
The Brazilian-American Chamber of
Commerce
and Ornare cordially invite you
to our networking event.
Join us for an opportunity to connect with members of the
Chamber while savoring delicious wine and pão de queijo, our
famous cheese bread.
CYBERSECURITY IN BRAZIL, WHAT'S NEXT?
November 13, 2018
Time: 8:00 AM to 10:00 AM
Location: Debevoise & Plimpton LLP, New
York, New York
Brazil has just joined a global trend toward tougher
privacy laws with a bold new statute, the Lei Geral de Proteção de Dados
Pessoais or “LGPD” – imposing major new obligations on all companies that touch
Brazilian consumers.
This event will explore how companies, across
business sectors and around the globe, now must plan for compliance. What
new data privacy and security obligations will companies now have to honor in
the day to day? What will life be like in a world where data breaches in
Brazil must now be publicly disclosed? How can companies learn from the
US experience with cybersecurity law and from the European experience with
GDPR? In light of the election results, how will Brazil actually enforce
the LGPD when it takes effect in 2020?
Please join the Chamber as an expert panel explores
these questions and more.
Moderator:
Jeremy Feigelson, Partner, Debevoise & Plimpton LLP
Speakers:
Edgar D'Andrea, Partner, PricewaterhouseCoopers
José Carlos Sá, Information Security Officer, Banco do Brasil
Marcela Ejnisman, Partner, TozziniFreire Advogados
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Strong GDP Growth, Inflation on Target, Rates Hold Steady
Overview: While it was another volatile week in the stock market, it was a relatively quiet stretch for mortgage rates. Mixed economic data and the European Central Bank (ECB) meeting caused little reaction, and mortgage rates ended the week nearly unchanged.
The first reading for third-quarter gross domestic product (GDP), the broadest measure of economic growth, was 3.5%, above the consensus of 3.3%. Combined with even greater growth of 4.2% during the second quarter, these were the strongest back-to-back quarters since 2014. Consumer and government spending were up, while business investment was somewhat weak. The question for investors is whether this impressive pace will continue.
The most recent inflation data revealed that it is holding steady at lower than expected levels. In September, the core Personal Consumption Expenditures (PCE) Price Index, which excludes the volatile food and energy components, was 2.0% higher than a year ago, the same annual rate of increase as last month. This is the monthly inflation indicator favored by Fed officials, and 2.0% matches their stated target level.
There were no significant surprises from Thursday's European Central Bank (ECB) meeting. Despite future uncertainty related to the British exit from the European Union and Italy's contentious budget negotiations, the ECB made no change in interest rates and confirmed its plans to conclude its bond purchases at the end of 2018.
Week Ahead
Looking ahead, the important monthly Employment Report will be released on Friday. As usual, these figures on the number of jobs, the unemployment rate, and wage inflation will be the most highly anticipated economic data of the month. Before that, the Institute for Supply Management (ISM) Manufacturing Index will come out on Thursday and the ISM Services Index on November 5. The next Federal Reserve meeting will take place on November 8.
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Contact me to discuss how I can help your clients with their mortgage needs.
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 | James P. Anzano
NMLS #209792
Glendenning Mortgage Corporation
81 E. Water Street
Toms River, NJ 08753
732-240-7227
EMAIL ME
Visit my website |
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BACCF 2018 Online Directory
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We are excited to launch our 2018 Online Directory!
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