MARKET WRAP: JSE muted as investors looks to Powell’s address for clarity
Market participants view the Fed chair’s appearance at the Economic Club as a chance to offer more clarity on where rates are headed
The JSE was little changed on Tuesday, while its global peers were mixed as the focus turned to a speech to be delivered by US Federal Reserve chair Jerome Powell.
After Friday’s surprisingly strong jobs data, market participants view Powell’s appearance at the Economic Club of Washington as an opportunity for him to offer more clarity on where rates are headed, or clarify some comments made after last week’s 25 basis point interest rate hike on “disinflationary” signs in the economy...
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