Last week US non-farm payroll numbers overshot expectations, increasing by 199 000 in November, leaving investors expecting the Fed to keep interest rates higher for longer.
On the local front, our GDP contracted in the third quarter amid an energy crisis and high interest rates, whilst Eskom ended a period of prolonged uncertainty as they announced their new CEO…
The bond market’s biggest monthly rally in years gathered pace this week after more dovish comments delivered by several Fed officials. The likelihood of a Fed rate cut in March has risen, with swaps now fully pricing in a reduction in May. Locally, investors are awaiting the SA GDP growth numbers for Q3:23…
Early this week, lower-than-expected US CPI for October dominated the headlines raising market expectation of a Fed interest rates cut in the first half of 2024. […]
The Open Market committee (FOMC) meeting took center stage last week, as it maintained its monetary stance by leaving the Fed funds target range at 5.25%-5.50% […]
Market participants continue to monitor developments around the situation in the Middle East very closely, while locally, Kuben Naidoo resigns as SA Reserve Bank Deputy Governor […]
Last week, CPI for September printed at the highest level in three months at 5.4% from 4.8% in August. The SARB MPC’s next interest rate decision […]
This week, all eyes will be on the SA Reserve Bank’s Monetary Policy Committee (MPC), which is expected to increase the Repo rate by 50 basis […]
Last week, Parliament postponed the debate around the Phala Phala report to December 13th, GDP for Q3 ’22 overshot expectations, while internationally, China eased Covid restrictions […]
Last week, the Phala Phala scandal took the spotlight amid mounting speculation that President Cyril Ramaphosa would be forced to resign, while internationally, the Chinese economy […]
Last week, the SARB raised the repo rate by 75 bps, taking it above pre-pandemic levels, to 7%, the Fed’s meeting signaled a slowdown in the […]
