JSE slips with word from Jerome Powell awaited
Risky assets have been boosted by rising hopes that the US Fed could be finished raising interest rates
07 November 2023 – 11:12
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The JSE was down on Tuesday morning, with global markets also mostly weaker as a rally sparked by an improved US interest-rate outlook seemed to lose steam.
Risky assets received a boost on rising hopes that the US Federal Reserve could be done with its interest-rate hikes to bring inflation under control after softer data showed that the Fed’s aggressive interest rates were indeed working…
Source: businesslive.co.za