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…
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. […]
Prowess is proud to announce the announcement of Qhivi Tiva as Head of Fixed Income Investments as of September 01 2023.
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% […]
It has been a season of change in our team with several staff promotions. Prowess is delighted to congratulate Refilwe Rakanang, Ruth Stoffberg, Cyril Tshehla, Siphokazi Qika and Humbulani Rambuda on their recent appointments.
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 […]
