DStv Channel 403 Thursday, 07 November 2024

US Federal Reserve expected to cut interest rates

WASHINGTON - The markets are digesting the emphatic victory of Donald Trump in the US presidential race.

Investors also expected the US Federal Reserve to cut interest rates.

WATCH: US elections | Discussion | What does a Trump presidency mean for US-SA relations?

Wednesday the dollar strengthened on Trump’s win but the Rand that lost ground Wednesday actually bounced back on Thursday.

Old Mutual Group Chief Economist, Johann Els discussed this with eNCA.

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