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While fears abound that the US Federal Reserve’s big rate hike this week could herald a recession for the world’s biggest economy and spill over to the rest of the globe, it could also bring some relief to SA’s inflation-battered consumers.

Reserve Bank chief economist Christopher Loewald said on Friday that while it’s too early to quantify the global or local impact of the Fed’s 75 basis-point hike in its benchmark rate this week, on “balance it is good” as the increase would help to lower global inflation...

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