MARKET WRAP: Rand and JSE weaken on fading hopes for early US rate cut
Inflation data last week showed that consumer and producer inflation was hotter than expected, though on a downward trend
18 March 2024 - 19:00
The rand fell the most in more than three weeks on Monday, with the JSE closing weaker amid mixed global peers as investors looked ahead to monetary policy guidance from the Federal Reserve this week.
Inflation data last week showed that consumer and producer inflation was hotter than expected, though on a downward trend. This sparked the concern that the central bank might be forced to keep interest rates higher for longer...
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.