What are the risks to a US interest rate cut and are South African consumers living on credit?

The US Fed is no longer warning of a risk that interest rates might rise further but is clearly not yet comfortable enough about inflation trends to cut. It may wait for inflation to fall sustainably below 3%. In SA, while consumers are under pressure from rising interest rates and shrinking disposable incomes, they do not appear to be as reliant on credit as in the past: household credit growth is slower than inflation, due to tightening bank lending.