MARKET WRAP: JSE and rand firmer after ‘market-friendly’ US inflation data
While the data is unlikely to change expectations for a rate hike pause, it may curb speculation about potential increases
15 January 2025 - 18:39
The JSE followed global markets higher on Wednesday, with the rand stabilising below R19/$, as investors welcomed the latest US consumer inflation report.
The December consumer price index (CPI) rose 0.4% from the previous month, exceeding Bloomberg economists’ forecasts of 0.3%. On a 12-month basis, CPI advanced 2.9%, in line with expectations...
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.