MARKET WRAP: JSE weaker, with focus on US consumer inflation
Federal Reserve chair reaffirms inflation has decreased over the past two years
10 July 2024 - 19:40
The JSE was weaker on Wednesday, while global markets were mixed as investors assessed Federal Reserve chair Jerome Powell’s comments.
During his testimony before the Senate Banking Committee on Tuesday, Powell reaffirmed that inflation had significantly decreased in the past two years. However, it remained above the central bank’s desired 2% target. Powell also cautioned that delayed or inadequate interest rate cuts posed a risk, that could weaken the economy and affect job markets...
Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.
Please read our Comment Policy before commenting.
Subscribe now to unlock this article.
Support BusinessLIVE’s award-winning journalism for R129 per month (digital access only).
There’s never been a more important time to support independent journalism in SA. Our subscription packages now offer an ad-free experience for readers.
Cancel anytime.
Questions? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now.