United States consumer inflation up at 7% in Dec 2021, highest level since 1982. Interest rates still down at 0.25%, offering no incentive to save.
Traders have been worried by the prospect of an end to the ultra-loose policies, which have helped power a two-year market rally and support the pandemic-hit economy.He said the economy was on a strong footing, and with inflation rising and employment recovering,"the economy no longer needs or wants the very highly accommodative policy".
The comments were taken by traders to be less hardline than feared, suggesting recent fears about a swift removal of easy-money measures may have been overdone. While most observers expect equities to endure some tough times in the near future, they remain broadly upbeat about the outlook for this year.Rand jumps to strongest level in weeks as Powell soothes policy fears
But he said policymakers were still debating approaches to reducing the Fed's balance sheet, and that it could sometimes take two, three or four meetings for them to make such decisions. The telecoms giant also announced the appointment of Megan Nicholas as managing director for MTN Supersonic, the company's fibre and broadband internet service provider."Residential broadband delivery is a critical strategic focus, as we work to bring our superior network and service into more of our customer’s homes.
Bitcoin meanwhile, the world's most popular cryptocurrency, rose above $42,000 just a day after having sunk below $40,000 on fears of reduced liquidity as a result of US monetary policy tightening. In late morning trading, the Dow was down less than 0.1 percent, while the S&P 500 was up 0.2 percent and the tech-heavy Nasdaq Composite showed a gain of 0.9 percent.
Markets are now awaiting the release of US inflation figures on Wednesday, which could play a major role in the Fed's timing. Vodacom spokesperson, Byron Kennedy, said the company had on Monday afternoon filed a notice to oppose Part A of Telkom's court application for an interdict to stop Icasa from processing any applications.
According to Van Dijk"buying more Prosus shares reflects my personal conviction that our businesses have had exceptional momentum and that their value is not at all reflected in the stock.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
South Africa Latest News, South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
MONEY LIVE | China tops forecasts with 8.1% growth in 2021 but headwinds loom | Fin24MONEY LIVE | China tops forecasts with 8.1% growth in 2021 but headwinds loom - I never thought of meeting a legit bitcoin trader after been scammed many times at my age but the heavens sent williamchurch09 guided me and help me make a living through bitcoin with my coinbase app, I recommend you to meet him now and also be a beneficiary of good work I have been very fruitful ever since I have been investing with williamchurch09 . contacted Mr William after series of testimonies i saw online, i took courage and started investing with him. I have made my third withdrawal which are ten times the initial investment.
Source: Fin24 - 🏆 21. / 63 Read more »
MONEY LIVE | Strong increase in SA's PGM production in November | Fin24MONEY LIVE | Strong increase in SA's PGM production in November - Thank you for the great review that we had the other day. You made it easier for me to understand crypto MichaelWeldon_ $43k earned🙌 Thank you for the great review that we had the other day. You made it easier for me to understand crypto MichaelWeldon_ $43k earned🙌
Source: Fin24 - 🏆 21. / 63 Read more »
MONEY LIVE | Sasol up 6% as oil rockets to 7-year highs | Fin24MONEY LIVE | Sasol up 6% as oil rockets to 7-year highs. I never thought of meeting a legit bitcoin trader after been scammed many times at my age but the heavens sent Michael90078 guided me and help me make a living through bitcoin with my cash app, I recommend you to meet her now and also be a beneficiary of good work
Source: Fin24 - 🏆 21. / 63 Read more »
Bruce Cameron | 'My spouse manages my money' and other bad ideas that could cost you | Fin24If you aren't taking responsibility for your own finances, now is the time to start, writes Bruce Cameron. I never thought of meeting a legit bitcoin trader after been scammed many times at my age but the heavens sent williamchurch09 guided me and help me make a living through bitcoin with my coinbase app, I recommend you to meet him now and also be a beneficiary of good work
Source: Fin24 - 🏆 21. / 63 Read more »
MONEY LIVE | Brent oil climbs to 7-year high as unrest stirs in the Middle East | Fin24MONEY LIVE | Brent oil climbs to 7-year high as unrest stirs in the Middle East - Thank you for the great review that we had the other day. You made it easier for me to understand crypto MichaelWeldon_ $43k earned🙌
Source: Fin24 - 🏆 21. / 63 Read more »
The spending diet resolution: How to control your money habit | CitypressA good financial habit puts you in control of your money, writes Maya Fisher-French. Thank you for the great review that we had the other day. You made it easier for me to understand crypto MichaelWeldon_ $43k earned🙌 As a mother of two kids I have battled alot with my financial state to the point of begging from friends just to survive,until I started Bitcoin trading with the help of _AMBREYMARCUS1 I made a successful withdrawal of R 200,000 with the help of _AMBREYMARCUS1 .
Source: City_Press - 🏆 7. / 72 Read more »