JSE muted as investors brace for continuation of rate hikes by Fed
A hotter-than-expected reading of an expenditures price index had investors betting that the Bank will remain hawkish for longer
27 February 2023 – 11:09
The JSE was little changed on Monday morning, while global markets were mixed as investors continued to asses the US Federal Reserve’s inflation and interest rate outlook.
A hotter-than-expected reading on Friday of the core personal consumption expenditures price index, the US Federal Reserve’s preferred measurement of inflation, had investors betting that the Fed will keep increasing rates for longer…
Source: businesslive.co.za
