JSE muted before address by US Fed chair Jerome Powell
The strong US jobs report raises the possibility that the Fed will need to hike interest rates to a higher level than policymakers previously expected
07 February 2023 – 10:38
The JSE was little changed on Tuesday morning, while its global peers were mixed as the focus turned to a speech to be delivered by US Federal Reserve chair Jerome Powell later on Tuesday.
Powell will deliver a speech at the Economic Club of Washington. After Friday’s surprisingly strong jobs data, which sent markets into a tailspin, investors will scrutinise Powell’s address after his remarks on “disinflationary” signs in the economy…
Source: businesslive.co.za
