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
10 January 2023 - 18:55
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. ..
Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.
Please read our Comment Policy before commenting.
Subscribe now to unlock this article.
Support BusinessLIVE’s award-winning journalism for R129 per month (digital access only).
There’s never been a more important time to support independent journalism in SA. Our subscription packages now offer an ad-free experience for readers.
Cancel anytime.
Questions? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now.