| Currencies | USD strength persists as markets eagerly await the FOMC meeting. |
| Commodities | Brent crude oil has moved back above USD75; gold remains below USD1 780 per ounce. |
| Equities | US stocks fell in the final minutes of trading a day after registering the biggest slide in four months as traders assessed risks from China’s crackdown on the real-estate sector and this week’s Fed meeting. |
| Date | Region | Event | Actual/Expected/Prior | Implications |
| 09/22 | SA | CPI | –/4,9%/4,6% | Higher food and fuel prices. |
| 09/22 | US | FOMC rate decision | –/0,25%/0,25% | Rates expected to remain unchanged at the upper bound of 0,25%. |
| 09/23 | UK | BOE rate decision | –/0,1%/0,1% | No change expected in policy rate. |
| 09/23 | SA | SARB interest rate decision | –/3,5%/3,5% | No change expected given low growth in 3Q. |
Nedbank CIB Market Commentary | CIBMarketComm@Nedbank.co.za | +27 11 537 4091
Source: Nedbank
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