JSE set to open lower as markets digest Powell’s hawkish comments
The dollar index hits a two-decade high after the US Federal Reserve chair warned of slower growth and a weaker job market
29 August 2022 - 07:10
The JSE looks set to open lower on Monday as Asian markets digest the stern commitment from US Federal Reserve chair Jerome Powell that the US will raise interest rates “for some time” as it battles to tame inflation.
The dollar index hit a two-decade high after Powell warned of slower growth, a weaker job market and “some pain” for households as well as businesses...
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