Positive news on producer prices in the US is tempered by conflicting comments on the Fed’s possible rates strategy
15 November 2022 – 19:36
The JSE ended firmer after a see-saw session on Tuesday as investors assessed a second report in less than a week that indicated US inflation may be slowing.
The producer price index, a measure of wholesale inflation, rose 0.2% month on month in October, well below the market consensus estimate of 0.4%. The report from the US Bureau of Labor Statistics comes less than a week after better-than-expected CPI data, stoking optimism that price pressures could be easing…