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SA inflation shocker, Fed hike seal deal for next interest rate move

Helena Wasserman

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Fed chairperson Jerome Powell,. Photo: Kevin Dietsch, UPI/Bloomberg via Getty Images

Fed chairperson Jerome Powell,. Photo: Kevin Dietsch, UPI/Bloomberg via Getty Images

On Wednesday, the US central bank hiked its key interest rates by 25 basis points – paving the way for a similar hike in South Africa on Thursday next week.

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