MARKET WRAP: Hawkish Fed dampens JSE mood
Locally, the Reserve Bank’s decision to increase its benchmark repo rate by 25 basis comes as no surprise
27 January 2022 - 19:27
The JSE joined the global move lower on Thursday after US Federal Reserve chair Jerome Powell’s hawkish comments overnight about inflation and interest rates.
Powell said the Fed was ready to raise interest rates in March and didn’t rule out hikes at every meeting to tackle the highest inflation rate in a generation. The central bank will also start to shrink its balance sheet as it increases rates...
BL Premium
This article is reserved for our subscribers.
A subscription helps you enjoy the best of our business content every day along with benefits such as articles from our international business news partners; ProfileData financial data; and digital access to the Sunday Times and Sunday Times Daily.
Already subscribed? Simply sign in below.
Questions or problems? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now