JSE firms ahead of US inflation report
Markets are pricing in a further 25 basis-point increase in the Fed’s key rate later this month
12 July 2023 - 11:34
The JSE was firmer in morning trade on Wednesday as investors await the latest US consumer inflation data scheduled for release later in the day.
Economists surveyed by Bloomberg forecast that the annual rate of inflation in the world’s biggest economy slowed to 3.1% in June from 4% a month earlier, and core inflation — which excludes food and energy — to 5% from 5.3%...
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.