MARKET WRAP: JSE weaker, with focus on Fed’s preferred inflation report
Markets are pricing in a first US Fed interest-rate cut at June meeting, says CME’s FedWatch tool
28 February 2024 - 18:40
The JSE fell further on Wednesday, tracking weaker US markets as investors digested revised US GDP numbers, but remained cautious before the release on Thursday of the key inflation report.
The revised fourth-quarter GDP report showed the economy grew at a slightly slower pace in the final months of 2023. The US commerce department said GDP growth was revised to 3.2%, while the market had expected it to remain unchanged from the first reading of 3.3%...
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