The Money Show's Bruce Whitfield interviews Kevin Lings, Chief Economist at Stanlib Asset Management.
- The dollar weakened on the news, with the rand trading almost 3% stronger
It is a turning point in terms of the headline numbers says Lings, but there are challenges ahead for the US central bank. The Fed was expected to announced another 75 basis point hike at its next meeting, but the inflation decrease opens an opportunity for a possible half a percent increase Lings says.
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