JSE gains as focus shifts to US Federal Reserve
Consumer price inflation fell to 4% year on year in July from 4.5% in June, and below expectations of 4.3%, according to a Bloomberg consensus
21 August 2019 - 11:30
The JSE rose on Wednesday morning as investors shifted their focus to the US Federal Reserve (Fed) amid hopes that the world's largest economy will ease monetary policy.
The markets continue to bet on whether Fed chair Jerome Powell will signal a dovish tone in his speech at the Jackson Hole seminar on Friday. At least two US Fed rate cuts have been partially priced in by the markets. The Fed will also publish minutes from its most recent meeting later in the day. ..
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