JSE slightly weaker after hawkish comments by a Fed official
More Fed officials are expected to speak on Wednesday
08 May 2024 - 11:56
The JSE was weaker on Wednesday morning, with global peers mixed as investors considered different comments by the US Federal Reserve officials.
On Tuesday, Minneapolis Fed president Neel Kashkari, who is regarded as a hawk and is not voting on Fed policy in 2024, said the central bank needed to keep rates where they were for an “extended period” until officials gained enough confidence that inflation was moving towards the central bank’s 2% target...
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