JSE opens lower as expectations of Fed rate cut ebb
The clash between President Cyril Ramaphosa and public protector Busisiwe Mkhwebane is also weighing on sentiment
22 July 2019 - 10:39
The JSE opened lower on Monday morning as investors dialed back expectations that the US Federal Reserve will aggressively cut the interest rate at its meeting at the end of July.
Last week, New York Federal Reserve CEO John Williams refuted assumptions that he had hinted at the possibility that the Fed may ease monetary policy, dampening market expectations of a 50 basis-points cut. ..
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