JSE slips as investors assess US Fed chair’s hawkish tone
US consumer inflation readings are at their highest since the 1980s
The JSE was weaker on Thursday morning, along with its global peers after US Federal Reserve chair Jerome Powell signalled an interest-rate lift-off.
Powell said the Fed was ready to raise interest rates in March and didn’t rule out moving at every meeting to tackle the highest inflation in a generation. Powell said on Wednesday that the US economy was strong and inflation must come down. ..