MARKET WRAP: JSE strengthens after US inflation relief
Futures trading suggests a 51.7% likelihood that the Fed will ease rates in September
15 May 2024 - 19:22
The JSE closed firmer on Wednesday, strengthening along with its global peers after US consumer inflation came in better than expected.
The consumer price index (CPI) for April rose 0.3%, less than the market estimates for a 0.4% monthly increase. On a year-on-year basis, CPI rose 3.4%, in line with expectations. Core CPI, which strips away volatile food and energy prices, was in line with expectations for both the month and year...
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