Hawkish comments from US Fed push JSE lower
US Federal Reserve chair Jerome Powell warned on Wednesday that the rate cut was not the start of an easing cycle
01 August 2019 - 10:49
The JSE opened lower on Thursday, tracking global markets, after the US Federal Reserve dampened market expectations of further monetary policy easing.
The Fed cut the interest rate by 25 basis points, the first cut in more than a decade and one that had been priced in by the market. US Federal Reserve chair Jerome Powell, however, said the rate cut was not the start of an easing cycle, dashing the hope that the Fed will cut rates in the coming months. ..
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