MARKET WRAP: JSE marginally weaker, with focus on Fed meeting
Investors will be looking for fresh clues to the interest rate trajectory, says RMB’s Matete Thulare
30 January 2024 - 18:12
The JSE closed marginally firmer on Tuesday, with global peers mixed as investors braced for the Federal Reserve (Fed) decision on Wednesday and corporate earnings from the two mega-cap technology companies.
The federal open market committee (FOMC) is generally expected to keep interest rates steady when it concludes its first two-day meeting for the year on Wednesday. Investors will, however, focus on comments after the meeting from Fed chair Jerome Powell for clues on the central bank’s policy outlook...
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.