Markets are in for a bumpy ride next week with US CPI and the Fed policy meeting likely to dominate trading
09 December 2022 – 17:47
The rand weakened along with other emerging market currencies on Friday as investors digested another hotter-than-expected inflation report from the US, while the JSE closed marginally firmer.
Data from the Bureau of Labor Statistics on Friday showed the US producer price index (PPI) rose 0.3% in November — above market expectations of 0.2%, putting a damper on hopes that inflation may be cooling off. Core PPI, which excludes food and energy, rose 0.4%, topping an estimate of 0.2%…