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Boardroom Talk
Boardroom Talk – Sometimes we over-complicate things, as the latest US inflation numbers show us
What happens in the world’s largest economy impacts all others, including SA. So the worst of the rate cycle is behind us.
By Alec Hogg
The image below from our partners at the Financial Times in London tells the story. Yesterday, the US released its consumer price index for June which was just 3% above that of a year ago. This means its official inflation rate is rapidly approaching the US Federal Reserve's target of 2%.