JSE lifts a bit as investors consider comments by Jerome Powell
Reserve Bank governor Letsetja Kganyago says local interest rates will probably remain higher for longer
29 June 2023 - 11:02
The JSE was slightly firmer on Thursday morning, while its global peers were mixed as investors took in the latest commentary on monetary policy by US Federal Reserve chair Jerome Powell.
Powell struck a hawkish tone saying he saw more aggressive rate hikes, adding that increases at consecutive meetings were possible. Powell highlighted the still-robust US labour market as one of the main drivers of inflation in the US...
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