Before US Federal Reserve statement, JSE slips
The Fed is expected to keep interest rates unchanged when it concludes its federal open market committee meeting on Wednesday
31 January 2024 – 10:33
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The JSE was weaker on Wednesday morning, with global markets mostly weaker ahead of the first monetary policy decision for 2024 by the US Federal Reserve.
The Fed is expected to keep interest rates unchanged when it concludes its two-day federal open market committee (FOMC) meeting on Wednesday. Investors will, however, pay attention to the post-decision address by Fed chair Jerome Powell for clues on when the central bank’s policymakers will cut interest rates…
Source: businesslive.co.za