JSE weaker as markets digest Powell’s hawkish comments
Fed chair signals 50-basis-point hike as China’s Covid-19 outbreak and Russia’s offensive in Ukraine add to concerns
22 April 2022 – 10:56
The JSE was weaker on Friday morning, along with its global peers with investors digesting hawkish commentary from US Federal Reserve officials.
Fed chair Jerome Powell said on Thursday a 50-basis-point hike would be “on the table” at the Bank’s next meeting in May, something the market has almost fully priced in…
Source: businesslive.co.za
