JSE slips slightly before release of key US jobs data
Meanwhile, US Fed chair Jerome Powell says cutting rates too early could risk a reacceleration of inflation
08 March 2024 - 11:29
The JSE was marginally down on Friday morning, while global markets were mixed as investors considered Federal Reserve chair Jerome Powell’s comments, while awaiting key jobs report in the US.
In his testimony to the Senate’s banking committee on Thursday, Powell said the central bank was “not far” from delivering cuts to interest rates; however, the policymakers needed to see additional data confirming inflation was cooling...
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