JSE lifts as US inflation figures support rate cuts
At 10.15am, the rand had firmed 0.15% to R18.83/$
16 January 2025 - 11:09
The JSE traded firmer on Thursday morning, with the rand poised to extend gains as encouraging US inflation reports revived hopes of interest rate cuts by the US Federal Reserve.
Wednesday’s December consumer inflation report showed headline consumer inflation was in line with market expectations year on year, while core consumer inflation slowed, coming in below estimates. The decline in core inflation suggests easing price pressures...
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