
Sign up to save your podcasts
Or


Friday's episode ended with the first indicators of how the economy fared in August, and it was quite positive, but that wasn't the end of the story. On Friday afternoon, US non-farm payroll data was released and it had consequences. The expectation was that they created 300,000 new jobs in August, and it turned out to be 315,000. This means that the American economy is still running hot and that there is a greater chance that the Federal Reserve Bank will raise their policy interest rate again at the end of the month. In His Jackson Hole speech, Jerome Powell made it clear that they will act aggressively to bring inflation under control. For us here in South Africa, this, unfortunately, means a weaker rand-dollar exchange rate, a more volatile stock market, and finally also an increase in the repo rate.
* The Economics Minute is supported by the NWU Business School.
Last week, the OECD published the report of their 2022 economic survey of South Africa and stated that far-reaching reforms are urgently needed. This is something almost everyone agrees on, but not everyone always agrees on the opportunity cost.
* The Economics Minute is supported by the NWU Business School.
Verlede week het die OECD die verslag van hulle 2022 ekonomiese opname van Suid-Afrika bekend gemaak en gestel dat ingrypende hervormings dringend nodig is. Dit is iets waaroor amper almal saamstem, maar almal stem nie altyd saam oor die geleentheidskoste nie.
* Die Ekonomie Minuut word ondersteun deur die NWU Sakeskool.
If you're interested in this week's economic indicators, today's episode provides a brief summary, but it's even better to read the Bureau of Economic Research's weekly newsletter. Economists are watching international indicators to see if inflationary pressures in the US are starting to ease. It is not only inflation data that is important, but also indicators of economic activity and job creation. In South Africa, economists would like to see if the economy can still kick despite high inflation and interest rates.
* The Economics Minute is supported by the NWU Business School.
As jy belangstel in hierdie week se ekonomiese aanwysers gee vandag se episode ʼn kort opsomming, maar dit is nog beter om die Buro vir Ekonomiese Ondersoek se weeklikse nuusbrief te lees. Ekonome hou internasionale aanwysers dop om te sien of inflasiedruk in die VSA begin verlangsaam. Dit is nie net inflasiedata wat belangrik is nie, maar ook aanwysers van ekonomiese aktiwiteit en werkskepping. In Suid-Afrika wil ekonome graag sien of die ekonomie nog skop het ten spyte van hoë inflasie en rentekoerse.
* Die Ekonomie Minuut word ondersteun deur die NWU Sakeskool.
What happens in the US has an influence on exchange rates and financial markets all over the world. We know that the US inflation rate is high and to fight it the Federal Reserve Bank first ended their policy of quantitative easing and then started to raise interest rates. The hope is for a soft landing, which means that they bring inflation under control without dampening economic activity or job creation too much. With the previous 75 basis point interest rate increase, the markets began to think that inflation in the US would soon start to fall and that the Fed will raise interest rates in smaller increments throughout the rest of this year. Thus, everyone was listening carefully to Jerome Powell's speech at the big gathering of central bankers at Jackson Hole last Friday.
* The Economics Minute is supported by the NWU Business School.
From the publisher's feed

18 Listeners

1 Listeners