The US Fed’s case for lifting interest rates next month seems to have been cemented with last week’s strong employment numbers. Financial markets have assigned a 70% probability to lift-off next month, indicating that there is still some adjustment to be made if they indeed go ahead with such a move. But in the aftermath of last Friday’s payroll data,...
Read moreThe US Fed has seemingly made a U-turn in its monetary policy stance since it noted global concerns in its decision to keep interest rates unchanged at its September meeting. On Wednesday, Fed Chair Janet Yellen made a statement that a December interest rate hike could be appropriate. This resulted in the market assigning a higher probability to a December...
Read moreThe Chinese third quarter Gross Domestic Product (GDP) growth for 2015 was 6.9 percent. This came in higher than the market consensus of 6.8 percent and significantly down from the astounding annual rate of more than 9% per year between 1990 and 2010. The two-week-long rally in the rand seems to have been decisively broken. On Friday the 16th of ...
Read moreThe dovish Fed’s minutes for the September meeting, in which the members kept monetary policy unchanged, were released this past week. It showed that it was “decided to be prudent to wait for additional information confirming that the economic outlook did not deteriorate”. Whilst most members indicated that they still think that rates will be lifted this year, the risk...
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The MCPF entered into the self-administration era in April 2015 and as a results staff were appointed to carry out the self-administration. The staff agreed that while Heritage Day is celebrated on the 24 September, the MCPF staff will celebrate the day on the 25 September in their offices in Jeppe Street, Marble Towers in Johannesburg. As South Africa is...
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