JSE and rand firmer as traders mull US and SA inflation data
TreasuryOne says the Fed is expected to cut rates by 25 basis points next week, supporting high-yielding currencies like the rand
12 December 2024 - 12:11
The JSE was firmer on Thursday morning, while the rand made small gains as investors digested recent inflation reports from SA and the US.
In the US, November’s inflation report met economists’ expectations, paving the way for the US Federal Reserve to cut interest rates again at its December meeting. The consumer price index (CPI) rose 0.3% from October and 2.7% from the previous year...
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