MARKET WRAP: JSE muted with focus on Fed minutes and MPC
Focus is on the likelihood of a US rate cut in March, while the Reserve Bank is generally forecast to keep its benchmark unchanged
21 November 2023 - 19:26
The JSE ended weaker on Tuesday after trading in a narrow range as investors focused on the release later in the day of the minutes of the Federal Reserve’s most recent meeting and the outcome of the Reserve Bank’s meeting on Thursday.
Investors are betting that US interest rates are at their peak after signs that inflation in the world’s biggest economy has cooled sufficiently, and optimism is growing that the Fed might even start cutting rates early in 2024...
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.