There has been a notable shift in interest rate expectations for the United States this week. This follows a market panic, which saw emerging market currencies take a beating, and investors started raising red flags about a possible recession in the world’s biggest economy.
“Manufacturing has also been soft, and the latest data points to fresh weakness in the US and elsewhere,” he said. Sebastian Mullins, Head of Multi-Asset & Fixed Income at Schroders, said that the long-talked-about “soft landing” for the US in terms of rates has now moved forward, with cooling inflation and retail sales holding up presenting enough of a reprieve for three rapid cuts before the end of 2024.
“The rand would weaken further on the publication of additional weak US economic data, but could strengthen if the data proves better than expected,” she said.
Deutschland Neuesten Nachrichten, Deutschland Schlagzeilen
Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.
South Africa: Chinese E-Commerce Companies Popular in South AfricaRotondwa Mbadaliga is a self-professed 'shopping addict.' The 25-year-old South African fashion influencer says she is a huge fan of Chinese-linked e-commerce companies Shein and Temu because she can get the latest trends at the cheapest prices delivered straight to her door.
Herkunft: allafrica - 🏆 1. / 99 Weiterlesen »