JSE slips as investors assess US Fed chair’s hawkish tone
US consumer inflation readings are at their highest since the 1980s
27 January 2022 - 10:41
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. ..
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