Rand and JSE firm before release of US inflation data
Softer-than-expected PPI data raised speculation of bigger interest rate cuts by the Federal Reserve
14 August 2024 - 12:23
The rand was on track for a sixth consecutive session of gains on Wednesday, while the JSE was cautiously firmer amid mixed global markets. Investors are awaiting US consumer inflation data due later on Wednesday afternoon.
The producer inflation report released on Tuesday showed that the producer price index — a measure of wholesale prices — increased 0.1% in July, less than the 0.2% increase expected in the markets...
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.