JSE lifts as investors digest the Fed chair’s comments
Jerome Powell warns that the US Fed expects to deliver a ‘couple’ more interest-rate hikes before it can pause
02 February 2023 – 11:38
The JSE was firmer on Thursday morning, with its global peers mixed as investors digested comments by US Federal Reserve chair Jerome Powell.
Powell struck a slightly hawkish tone after delivering a 25 basis points (bps) interest-rate hike on Wednesday evening, in line with market expectations, but warned that the central bank expected to deliver a “couple” more interest-rate increases before there could a pause…
Source: businesslive.co.za
