Economic data in SA and the US remain unfavourable for interest rate cuts

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SA’s September headline inflation rose to 5.4%, largely due to a large increase in the fuel price and a slowdown in the moderation of food inflation. With another fuel price increase expected in October, STANLIB forecasts domestic inflation will rise to 5.5-5.6%. In the US, key areas of the economy are showing resilience, and the Fed is expected to remain watchful until inflation is more fully brought under control. Click here to listen to STANLIB’s Chief Economist, Kevin Lings, discuss the trends.
23 Oct 2023 English South Africa Investing · Business News

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