US confidence ebbs on tariff uncertainty

Loading player...
In this podcast, STANLIB Chief Economist Kevin Lings says US consumer price inflation (CPI) data for February, released last week, was a positive surprise. It showed even shelter inflation is on a downward trajectory. However, the data does not take recently-announced tariff increases into account. On 2 April the Trump administration is expected to implement the tariff increases it has deferred.
US survey data shows an increase in inflation expectations by households and an expectation by businesses that economic activity will slow down. The risk of a US recession is rising, although it is not yet becoming a certainty. This makes it difficult for the US Federal Reserve to decide on interest rates. The market is anticipating two or three more interest rate cuts this year, but that may prove to be over-optimistic.
Click here to listen to the podcast.
17 Mar 2025 English South Africa Investing · Business News

Other recent episodes

SARB focuses on lowering inflation expectations

In this podcast, STANLIB’s Chief Economist, Kevin Lings, focuses on the latest decisions by the US and SA central banks to hold interest rates unchanged. In SA the decision reflects the SARB’s determination to lower inflation expectations, as well as risks to inflation from food and energy. In the US,…
2 Feb 9 min

Modest SA inflation should encourage confidence and investment

In this podcast, STANLIB’s Chief Economist, Kevin Lings, examines the factors that lifted SA’s headline inflation rate slightly to 3.6% y/y in December, though it remains subdued. The SARB is expected to stay cautious, but there is room for an interest rate cut. Low inflation encourages confidence and investment. At…
26 Jan 11 min

Cryptocurrency – a payment system immune to political manipulation

In the eighth episode of The More You Know, Rademeyer Vermaak, Head of Systematic Solutions, discusses why cryptocurrency is important and how it is evolving in response to the needs of the global financial system. STANLIB is an authorised Financial Services Provider in terms of the FAIS Act and a…
21 Jan 19 min

No concerns for the Fed in US inflation; Chinese 2026 GDP growth hits 5%

In this podcast, STANLIB’s Chief Economist, Kevin Lings, focuses on latest US inflation and Chinese GDP data. US December headline inflation was unchanged at 2.7% y/y as shelter costs are moderating but food prices are rising. Inflation is less of a concern for the Fed than the labour market. In…
19 Jan 13 min

Markets shrug off geopolitical dramas in early 2026

In this podcast, STANLIB’s Chief Economist, Kevin Lings, unpacks recent geopolitical events, including the US intervention in Venezuela and its threatened moves into Greenland and Iran. Surprisingly, this has had little effect on financial markets. He also explores latest US employment data and why SA’s manufacturing output continues to struggle…
12 Jan 13 min