Concerns growing about US inflation; SA’s mining production contracts again

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In this podcast, STANLIB’s Chief Economist, Kevin Lings, analyses the latest US CPI inflation (an increase to 3.7% y/y) data, which reflects pressure not only from fuel but also shelter prices. This could prompt two or more interest rate hikes by the US Fed, which would have global implications. In SA, August mining production fell 12.7% y/y. Weakness was broad-based, and due to a range of factors, but represents a significant lost opportunity, Kevin says.
19 Oct English South Africa Investing · Business News

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