JSE weaker as investors digest Fed’s policy meeting outcome
With the US Federal Reserve signalling a rate hike pause in June, investors remain wary of an economic downturn and a likely recession
04 May 2023 - 11:40
The JSE was slightly weaker on Thursday morning, while global markets were mixed as investors digested the outcome of the latest Federal Reserve policy meeting.
The Fed raised rates by 25 basis points (bps) on Wednesday evening, as was widely expected, however, sentiment was dented somewhat after Fed chair Jerome Powell ruled out cutting interest rates, as he did not expect inflation would come down quickly enough...
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