MNI hires da Costa to cover the Fed, economy

Pedro da Costa, who has covered the Federal Reserve for three news organizations, has been hired by Market News International to cover the Fed.

He started on Monday in MNI’s Washington office.

“All of us were very impressed with Pedro and what he has accomplished so far in his career,” said MNI CEO Terry Alexander. “And we were impressed with his knowledge of the Fed and the U.S. economy. It was a decision we were happy to make.”

He will cover the Fed and the U.S. economy.

Da Costa most recently had been working at Business Insider from January 2017 to September 2018.

He joined Business Insider from the Peterson Institute for International Economics as an editorial fellow. Prior to PIIE, he wrote about economics and financial markets for The Wall Street Journal and Reuters, where he began his journalism career in 2001.

In 2010, he was a coauthor of the article “Club Fed: Ties That Bind at the Federal Reserve,” which helped spur the Fed to adopt a more open communications policy. His reporting in 2010 on the failure of some academic economists to disclose financial ties contributed to a new code of conduct adopted by the American Economics Association.

Da Costa grew up in Rio de Janeiro, Brazil, and Boston, Massachusetts. He earned a bachelor’s degree with honors in sociology from the University of Chicago and a master’s in international affairs from the University of California-Berkeley.