# Q&A: Recent moves by the Fed and Reserve Bank are promising, but risks remain

> This Q&A with a Momentum Investments strategist discusses the Fed's July 25-basis-point hike and the SARB's hold at its July meeting. It suggests both central banks may be nearing the end of their hiking cycles. The rand is more than 3% weaker year to date.

- Date: 2023-07-28 · published 2023-07-28T12:00:00.000Z
- Category: macro · region South Africa · magnitude low
- Page: https://feedsoft.ai/events/35347-q-and-amp-a-recent-moves-by-the-fed-and-reserve-bank-are-promising-but-risks
- Commodities: [South African Rand (ZAR per USD)](https://feedsoft.ai/c/USDZAR.md)

## Why it matters

Expectations that rate hikes are ending tend to support emerging-market currencies, but the outlook depends on inflation, which affects the cost of dollar-priced imports.

## Sources

- businessday.co.za: https://www.businessday.co.za/bd/markets/2023-07-28-qa-recent-moves-by-the-fed-and-reserve-bank-are-promising-but-risks-remain/

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.