Monthly Update
Monthly Market & Fund Update – October 2024
In October, South Africa saw positive economic strides as Consumer Price Inflation dropped to 3.8%, the lowest since March 2021, while the unemployment rate improved from 33.5% to 32.1%, marking its first decrease in a year. On the global front, US inflation slowed to 2.4%, with the Federal Reserve’s preferred measure, the Personal Consumption Expenditure Index (PCE), easing to 2.1%. A major highlight was the reelection of Donald Trump as US President, alongside a Republican clean sweep of Congress, a development expected to have both short- and long-term impacts on financial markets.
👉 Read more in this month’s newsletter to see how these changes could shape your investments.
Summary – October ’24
