The JSE experienced a decline on Friday morning as global markets remained mixed while investors anticipated the release of the Federal Reserve’s preferred measure of inflation. Oanda senior market analyst Craig Erlam noted a sense of caution ahead of the unveiling of the US PCE price index inflation indicator.

Market participants are currently processing data indicating a stronger-than-anticipated expansion of the US economy. A recent report revealed a 3.3% growth in the US GDP during the fourth quarter, reinforcing the growing expectation that the Fed may refrain from implementing rate cuts.

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