MARKET WRAP: JSE and rand weaken further as bets on Fed aggression rise
Investors are increasingly accepting the prospect of a 100 basis-point rate hike by the Federal Reserve in two weeks
14 July 2022 - 19:40
The rand continued its slide against the dollar on Thursday, touching the weakest level last seen in August 2020, while the JSE fell the most in a week as global recession fears intensified.
Markets are now pricing in the possibility of even tighter US monetary policy after worse-than-expected inflation data from the world’s biggest economy, where prices rose 9.1% in the year to end-June...
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