24/06/2025
ππππ ππππ ππ ππππππ: π Global Markets Pause Amid Inflation Watch
βͺοΈ Fed holds rates steady (4.25β4.5%) for 4th meeting; policymakers split on 2024 cuts. Powell warns of trade & geopolitical risks.
βͺοΈ U.S. retail sales fell 0.9%, housing data weak, but consumer sentiment improved.
βͺοΈ Bank of England holds rates, hints at easing; inflation continues to soften.
βͺοΈ Europe eases: Swiss & Norwegian rate cuts; eurozone inflation low, Germany sentiment rises.
βͺοΈ Japan keeps rates, inflation highest in 2 years; export slump and trade tensions weigh.
βͺοΈ Chinaβs retail booms, but property sector weak; more stimulus expected.
βͺοΈ Middle East tensions escalate β missile strikes raise oil prices (+3.75%), fuelling stagflation fears.
βͺοΈ Markets mixed: U.S. flat, Europe down, Nikkei up, China lags. Gold falls (β1.91%), oil surges.
βͺοΈ South Africa CPI steady at 2.8%; SARB cautious but has cut rates 3x in 2025.
βͺοΈ SA retail sales rebound 5.1% y/y in April; infrastructure push gets World Bank support.
βͺοΈ JSE ends lower (β0.64%), led by resource losses. Rand weakens to R18.01/$.
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The Federal Reserve held interest rates steady at 4.25%β4.5% for a fourth consecutive meeting, maintaining a cautious stance amid persistent economic uncertainty. Policymaker projections revealed a growing divide, with half expecting no rate cuts this year and the other half still pencilling in tw...