JSE opens higher as Fed comments boost global stocks
New York Federal Reserve Bank CEO John Williams says it would be better to take ‘preventative measures’ as expectations rise for a rate cut
19 July 2019 - 10:46
The JSE opened higher, in line with most global markets after a US Federal Reserve official hinted at the possibility of monetary policy easing in the US.
New York Fed president John Williams said on Thursday that it would be better for the Fed to take “preventative measures than to wait for disaster to unfold” amid mounting expectations that the Fed will cut the interest rate at their next meeting at the end of the month. ..
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