MARKET WRAP: JSE and rand recoup losses after Fed’s expected move

The JSE ended lower on Thursday, but off the session’s lows, and the rand rebounded as investors came to terms with a delay in with US interest rate cuts. 

As widely expected the Federal Reserve kept interest rates steady after its meeting on Wednesday, with chair Jerome Powell highlighting the need to see inflation coming down “more sustainably towards” the central bank’s 2% goal…