MARKET WRAP: JSE feels the chill wind of Fed comments
Officials’ reiteration of hawkish comments puts the brakes on Tuesday's rally that had sent the all share to a record high
The JSE was weaker on Tuesday after Federal Reserve officials reiterated hawkish comments emanating from the US central bank, pausing the rally that sent the all share to a record high in the previous session.
Atlanta Fed president Raphael Bostic and San Francisco peer Mary Daly — neither of whom are voting members of the federal open market committee this year — said higher rates are needed to tackle elevated inflation, according to Bloomberg. ..
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