MARKET WRAP: Rand holds steady as JSE considers further delay in rate cuts
Investors are coming to terms with the US Fed maintaining monetary policy after the country’s latest inflation data
11 April 2024 - 19:24
The rand was little changed on Thursday after weakening the most since August in the previous session, while the JSE tracked weaker global markets as investors considered the possibility of a further delay in US interest rate cuts.
Still, US producer inflation came in below estimates on Thursday, providing some relief for the markets after Wednesday’s worse-than-expected consumer inflation data for March, which sparked a sell-off of emerging market assets and equities in general...
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