Last week, Fed speakers continued to caution against expectations of aggressive US rate cuts, as the future path of monetary policy will be driven by incoming data and the economy’s performance. Locally, SARB Governor Lesetja Kganyago presented an argument to lower South Africa’s 3-6% inflation target, while this week, the IMF’s annual meeting takes place in Washington, as it releases its World Economic Outlook…
Although last week’s US inflation print showed a sixth consecutive monthly decline, it still came in above market expectations, while the Federal Open Market Committee (FOMC) minutes gave investors some direction on the possible rate path going forward. Locally, the Rand experienced volatility on the back of tensions in the Middle East and the FOMC output…
Fed Chair Powell suggests that 50bp cuts will not be the norm moving forward, Euro area inflation returns to the ECB’s 2% target, while vigilance remains high on the Middle East and the increasing potential for a widening and escalating regional conflict there…
Last week saw markets digest the impact of monetary policy rate cuts by Central Banks. The focus has now shifted from when the cuts will take place to how much lower monetary policy rates will go. The global economy is starting to turn the corner, with declining inflation and robust trade growth according to the Organisation for Economic Cooperation and Development…
Last week saw a flurry of central bank activity, with the US Federal Open Market Committee cutting rates by 50 basis points and the SARB’s Monetary Policy Committee (MPC) cutting its repo rate by 25 basis points to 8.0%…
All eyes will be on Central Bank policy interest rate decisions this week as the US Federal Reserve’s anticipated rate cut takes center stage. Locally, the South African Reserve Bank’s MPC is expected to cut the repo rate for the first time since the repo rate was hiked to 8.25% in May 2023…
As the global economy nears a pivotal moment in monetary policy, with interest rate cuts on the horizon, investors face a critical juncture in asset allocation. Maanda Matambele, Prowess Business Development Manager, explores how to stay ahead in a season of transition…
Last week, the US non-farm payrolls for August disappointed, with July’s figure revised downward too, further fueling the debate over how much, and not whether, the FED will cut rates in September. Locally, the South African economy showed signs of recovery as GDP numbers rose in the second quarter of the year…
After months of speculation, Fed chair Powell has declared the time right for ‘policy to adjust’ and for the interest rates cutting cycle to begin. Locally, SA is on an upward trend with commitment from both govt and business to address energy and logistics to stimulate economic growth…
Last week, U.S. Federal Reserve (Fed) signaled potential interest rate cuts in the coming months as inflation risk is perceived to have diminished. South Africa’s inflation for July also cooled, paving the way for potential rate cuts by the SARB in September, potentially bringing much needed relief for South African consumers…
