JSE muted as investors digest Fed’s more dovish outlook
Local bourse is hardly changed on Tuesday amid signs of easing tension between China and the US
15 November 2022 - 11:55
The JSE was little changed on Tuesday morning, while its global peers were mixed as investors assessed signs of easing tension between China and the US and the US Federal Reserve’s rate path outlook.
Fed vice-chair Lael Brainard said on Monday that the central bank should soon moderate the size of its interest-rate increases, signalling she favours slowing to a half-point hike as early as December. Her comments come after Fed governor Christopher Waller said the bank still had a long way to go before it would stop raising interest rates, despite last week’s cooling inflation report...
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