XP Econocast

XP Econocast is a macroeconomics and markets program centered on Brazil, but it rarely begins with Brazil alone. The show starts from the event moving markets: an IMF meeting, an oil shock, a Middle East conflict, the United States political cycle, a Venezuela crisis, or a Mercosur-European Union agreement. Then it traces the path inward. Oil prices become inflation pressure, freight costs, fuel sensitivity, monetary-policy caution, and a test of Brazil’s commodity position. Elections become uncertainty, tariffs, interest-rate expectations, and flow risk. Trade agreements become sector allocation, with agriculture, industry, investment, wages, and competitiveness all placed on the table. The pace is careful. Short framing questions lead into longer explanations, and the panel often weighs one force against another instead of forcing a clean answer. That is where the show is most useful. It can describe Brazil as relatively protected by commodities in one breath, then note that risk aversion, exchange-rate pressure, and election uncertainty may work in the opposite direction. Caio Megali appears as a recurring macro voice, while Luiza Pinesi often frames the episode and brings the discussion back to the listener’s practical question. Other XP analysts and guests add narrower lenses: inflation, activity data, political risk, asset movement, trade, or oil history. The result is market-facing without becoming breathless. It assumes the audience cares about projections, reports, and asset implications, but it still pauses to explain terms such as supply shock or the indirect inflationary effects of energy. The show’s center of gravity is scenario discipline. It is less interested in spectacle than in how volatility may travel through exchange rates, commodities, interest rates, and Brazilian growth.