JSE weaker as investors mull Powell’s rate cut comments
Federal Reserve chair says rate is at its ‘peak for this tightening cycle’, but it is not yet time to begin cutting rates
07 March 2024 - 11:14
The JSE was weaker on Thursday morning, with global peers mixed, as investors assessed Federal Reserve chair Jerome Powell’s comments.
In his testimony on Wednesday before the House financial services committee, Powell indicated that the policy rate is at its “peak for this tightening cycle”, but reinforced that the Fed was not ready to begin reducing rates...
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