MARKET WRAP: JSE weaker with focus on the Fed
Investors are concerned that the central bank might be forced to keep rates higher for longer
19 March 2024 - 19:03
The JSE was weaker on Tuesday, with global peers mixed as investors remained cautious while awaiting the conclusion of the US Federal Reserve policy meeting on Tuesday.
Market participants are expecting the Fed will keep interest rates unchanged when it concludes its two-day federal open market committee (FOMC) meeting on Wednesday. However, they will keep close attention to the central bank’s guidance for the future direction of interest rates...
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