SA’s inflation pressures increase; US Fed revises economic forecasts
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In this podcast, STANLIB’s Chief Economist, Kevin Lings, points out that SA’s May CPI rate, at 2.8%, shows inflation remains well under control, although there is likely to be pressure in coming months from higher food and oil prices. He discusses what this means for the SARB’s plans to launch a new inflation target of 3% later this year.
The US Federal Reserve’s latest decision to keep interest rates unchanged was not surprising, Kevin says. More interesting was that the Fed reduced its forecasts for US economic growth and raised its estimate of US inflation for 2025, and what this means for US interest rates.
Click here to listen to the podcast.
STANLIB Asset Management (Pty) Ltd is an authorized Financial Services Provider in terms of the FAIS Act. This should not be construed as advice.
The US Federal Reserve’s latest decision to keep interest rates unchanged was not surprising, Kevin says. More interesting was that the Fed reduced its forecasts for US economic growth and raised its estimate of US inflation for 2025, and what this means for US interest rates.
Click here to listen to the podcast.
STANLIB Asset Management (Pty) Ltd is an authorized Financial Services Provider in terms of the FAIS Act. This should not be construed as advice.
