JSE firms as investors digest Fed minutes of latest policy meeting
Markets are now pricing in a terminal rate of 5.5%, meaning that three further rate hikes of 25 basis points can be expected
23 February 2023 – 12:00
The JSE was firmer on Thursday morning, while its global peers were mixed as minutes from the latest US Federal Reserve policy meeting confirmed that US rates would probably remain higher for longer.
The minutes from the latest federal open market committee (FOMC) showed a hawkish Fed committed to the fight against inflation, but will be driven by upcoming economic data releases. ..