JSE lifts and world markets vary before Jerome Powell’s testimony
Markets are, once again, awaiting clues about when the Fed might begin cutting US interest rates
06 March 2024 - 11:15
The JSE was firmer on Wednesday morning, with global markets mixed as investors awaited US Federal Reserve chair Jerome Powell’s testimony later in the day.
Powell is expected to give testimony on monetary policy before Congress’s joint economic committee this afternoon, while he will also appear before the Senate on Thursday. Investors will look for any clues on the future direction of interest rates...
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