JSE firmer, with focus on US inflation data this week
All share index up 0.29%, led by industrial and precious metal shares
19 December 2023 – 11:20
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The JSE was firmer on Tuesday morning, with global peers mixed as investors digested attempts by Federal Reserve officials to rein in high expectations for interest rate cuts in 2024.
Markets are attempting a rebound after a weaker start to the week after Fed officials pushed back against bets on deeper and faster rate cuts. Chicago Fed president Austan Goolsbee said it is too early to declare victory over inflation after his New York counterpart, John Williams, said on Friday that talk of rate cuts is “premature”…
Source: businesslive.co.za