JSE lifts as markets await US Fed’s interest-rate decision

The JSE was firmer along with its global peers on Thursday, while the rand held steady below the R17/$ level as investors digested minutes from the recent US Federal Reserve (Fed) policy meeting. 

Markets received a boost overnight after Fed officials concluded earlier in November that the central bank should soon moderate the pace of interest-rate increases, signalling they were leaning towards a reduced 50 basis-points (bps) hike in December. The US markets will be closed on Thursday for a public holiday. ..

Source: businesslive.co.za