JSE lifts as markets await US Fed’s interest-rate decision
Locally, the focus is on word from the SA Reserve Bank’s monetary policy committee meeting
24 November 2022 – 11:07
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