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Fed Holds Rates as Inflation Bites | UK Budget, ECB & Big Tech Earnings
Global markets digest a cautious Fed decision as inflation stays elevated and US growth remains resilient.
We break down the UK Budget, the ECB’s latest rate decision, South Africa’s bigger economy, and strong Microsoft earnings alongside Alphabet’s Worst day. For tech earnings it was the good, not so good and the ugly. Microsoft beats expectations, Amazon not as good a performance and Alphabet sent Wall street diving out of Mega caps.
South Africa gets a 5% GDP spike after rebasing - now further ahead as Africa’s largest economy.
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