JSE slips as investors mull over US Fed’s hawkish tone

The JSE was weaker on Thursday morning, along with most global markets as investors digested a decision by the US Federal Reserve to hold interest rates steady as expected. The Fed did signal that a March cut was unlikely.

In his post-meeting conference, Fed chair Jerome Powell pushed back against market expectations for a cut at the March meeting, highlighting the need to see inflation coming down more “sustainably towards” its 2% goal…