JSE firmer, with global indices mixed, as investors digest Fed’s rate increase
US central bank chair Jerome Powell hints at a further 25bps increase, but says no interest rate cuts are on the radar for the rest of the year
23 March 2023 – 12:09
The JSE was firmer on Thursday morning, while its global peers were mixed as investors digested the move by the Federal Reserve (Fed) to hike interest rates despite concerns about the banking sector.
The Federal open market committee (FOMC) raised rates by 25 basis points (bps) as expected by some market participants. Fed chair Jerome Powell hinted at a further 25bps still to come, while also stating that rate cuts for 2023 were not on the Fed’s radar. ..
Source: businesslive.co.za
