Last week, FED Chair Jerome Powell proclaimed the Fed is in no hurry to cut interest rates, owing to inflation, leaving investors with ongoing uncertainty. Meanwhile, SA’s current account deficit widened by more than expected in the last quarter of 2023 as imports exceeded exports…
Last week, Private Sector Credit Extension (PSCE) data that showed that growth moderated more than expected in January, with households still constrained by the pressures of high inflation and interest rates, while an announcement by Sasol that it will cut natural gas production in June 2026 raises risks to South Africa’s manufacturing sector…
“The Budget speech delivered by Finance Minister Enoch Godongwana struck a fine balance between fiscal consolidation and addressing the needs of the most vulnerable members of our society. Whilst there is room for improvement, the budget has been well received by investors as bond markets have rallied in response. And although bullish for our currency, and the local fixed income markets, the budget comes at a cost for households and corporates who will be paying more tax over the next three years,”
Last week, US inflation numbers came in hotter than expected, sending bond markets into a sell-off as investors peeled back their expectations of Fed rate cuts. Locally, the focus this week will be on the 2024 budget speech, scheduled to be delivered by Finance Minister Enoch Godongwana on Wednesday…
Head of Fixed Income Qhivi Tiva, during a post speech commentary and analysis of the SONA 2024 on CNBCA Africa…
Last week, international markets awaited revisions to the US inflation data with baited breath. Domestically, the post SONA 2024 address has left markets with more questions than answers, as the country’s power and logistics issues continue…
As the nation gears itself to go to the polls later this year. expectations are high ahead of Thursday’s State of the Nation Address (SONA). Given current challenges and competing issues the president faces the difficult task of delivering a realistic address whilst simultaneously inspiring hope…
Last week’s highlight was the US Fed’s FOMC interest rate decision to keep interest rates unchanged in line with expectations. Meanwhile, against a very challenging economic backdrop, President Ramaphosa will deliver the SONA on Thursday and will seek to highlight the government’s gains over the last year as well as offer a glimpse into it’s future vision and priorities. …
The focus this week will be on the Federal Open Market Committee’s first money policy statement for the year on the back of a stellar US economy performance for 2023. Meanwhile, the SARB’s expected decision to leave rates unchanged will likely give SA consumers a welcome break, for now…
All eyes are on monetary policy this week with the release of the December CPI print, the first SARB MPC meeting for 2024, and the Fed implying that US rate cuts are not expected to happen as soon as markets currently anticipate…
