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MARKET WRAP: JSE slips as investors digest US CPI

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Inflation in the world’s biggest economy accelerated to 8.5% in March, prompting fears of more aggresive rate hikes by the Fed

The JSE gave up afternoon gains to close weaker as US March inflation came in weaker than expected, adding to expectations of more aggressive rate hikes by the Federal Reserve.

The US consumer prices rose to 8.5% on an annual basis in March, above analysts’ estimates of 8.4% and up from 7.9% a month ago. CPI climbed by 1.2% on the month...A subscription helps you enjoy the best of our business content every day along with benefits such as articles from our international business news partners; ProfileData financial data; and digital access to the Sunday Times and Sunday Times Daily.

 

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