JSE falls ahead of US consumer inflation data report
There is rising concern about effect the surge in the oil price will have on inflation, causing rates to stay higher for longer
13 September 2023 – 11:41
The JSE was weaker on Wednesday morning, along with its global peers as investors awaited the US consumer inflation report due later.
According to TreasuryOne currency strategist Andre Cilliers, estimates are for US consumer price inflation (CPI) to have risen to 3.6% from 3.2% year on year, but for Core CPI to have moderated to 4.3% from the previous 4.7%…
Source: businesslive.co.za