JSE firms as investors consider Jerome Powell’s comments
The US Fed governor has emphasised that the Fed is not rushing to cut rates quickly
01 October 2024 - 11:24
The JSE was firmer on Tuesday morning, while global markets were mixed as investors awaited key data due this week, which will guide the US Federal Reserve’s next policy meeting.
On Monday, Fed chair Jerome Powell signalled that the world’s most influential central bank would probably maintain a cautious approach to interest rate cuts (https://www.businesslive.co.za/bd/world/americas/2024-09-30-feds-powell-indicates-quarter-point-cut-in-november/), opting for a 25 basis points (bps) reductions in future. ..
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