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

Loading player...

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

Other recent episodes

US confidence ebbs, signalling urgent need for resolution on tariffs

US inflation for March surprised on the downside, with core CPI below 3%, says STANLIB Chief Economist, Kevin Lings. However, the longer that steep tariffs remain in place between the US and China, the likelier it is that stagflation will follow. More significantly, latest surveys show US business and consumer…

14 Apr 11 min

Major themes for the week are GNU upheavals and impact of Trump tariffs

In this week’s podcast, STANLIB’s Chief Economist Kevin Lings touches on the disagreement within the Government of National Unity (GNU) on the Fiscal Framework, where the ANC seems to have won power and the DA lost power. However, discussions are still under way. In more depth, Kevin discusses the reciprocal…

7 Apr 14 min

SA’s Budget vote means more than a VAT hike

In this short podcast, STANLIB’s Chief Economist, Kevin Lings, explores the implications of the passing of the controversial 2025 Budget in the National Assembly by the ANC in alliance with smaller parties, excluding the DA. This is very likely to lead to a 0.5% increase in VAT in 2025 and…

3 Apr 8 min

Nobody wins from higher US tariffs

In this podcast, STANLIB Chief Economist Kevin Lings unpacks the reasons for the higher tariffs announced by US President Donald Trump, and their possible impacts. Those impacts are likely to include higher inflationary pressure, especially in the US, and a widespread slowdown in economic activity, though it is too soon…

3 Apr 14 min

Fears of stagflation in the US are rising

In this week’s podcast, STANLIB’s Chief Economist Kevin Lings discusses increasing nervousness in US financial markets about stagflation as a result of President Trump’s tariff moves. Inflation looks likely to remain above the US Federal Reserve’s target for some time, while forward-looking indicators on manufacturing and tourism suggest a slowing…

31 Mar 10 min

All episodes