MARKET WRAP: Rand keeps firming, with focus on Fed’s rate decision
The Bank is poised to reverse its trend of aggressive rate hikes, marking a big shift in monetary policy
18 September 2024 - 18:13
The rand maintained its marginal gains on Wednesday, firming for the sixth consecutive session with investors’ focus on the conclusion of the Federal Reserve’s monetary policy meeting.
Investors are expecting Fed chair Jerome Powell to announce the first rate cut this evening after the policymakers conclude the two-day Federal Open Market Committee (FOMC) meeting...
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