MARKET WRAP: JSE weaker as investors assess US consumer inflation data
Traders worry US inflation is not easing quickly enough and the Fed might keep rates higher for longer
12 December 2023 – 19:34
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The JSE reversed earlier gains on Tuesday while global markets made small gains as investors assessed recent US consumer inflation data.
Consumer price inflation (CPI) rose at a 3.1% annual rate in November from 3.2% in October, in line with market expectations. Core CPI, which strips away volatile food and energy prices, matched the annual pace set in October at 4%…
Source: businesslive.co.za
