JSE slips as investors mull over surprising US inflation report
St Louis Fed president James Bullard says he supports raising interest rates by a full percentage point by the start of July
11 February 2022 - 10:50
The JSE was weaker on Friday morning, along with its global peers as investors mulled over the US inflation data which came in worse than expected.
The US consumer price index report showed the index for January rose 7.5% year on year, more than estimates and the biggest jump since 1982. The CPI was expected to have accelerated at an annual rate of 7.2% in January, according to the Bloomberg median estimate, from 7% in December. ..
Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.
Please read our Comment Policy before commenting.
Subscribe now to unlock this article.
Support BusinessLIVE’s award-winning journalism for R129 per month (digital access only).
There’s never been a more important time to support independent journalism in SA. Our subscription packages now offer an ad-free experience for readers.
Cancel anytime.
Questions? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now.