MARKET WRAP: JSE ends weaker after US Fed chief sticks to hawkish tone
Jerome Powell said inflation is still above the level at which policymakers feel comfortable and the US economy could require further interest rate increases
25 August 2023 - 18:48
The JSE reversed earlier gains on Friday afternoon, while the rand eased from its best levels as investors digested comments from US Federal Reserve chair Jerome Powell at the Jackson Hole Economic Policy Symposium.
In his highly anticipated speech, Powell said inflation is still above the level at which policymakers are comfortable and the continued strength of the US economy could require further interest rate increases...
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