MARKET WRAP: JSE and rand under pressure on hawkish Fed comments
US central bank officials reiterated the need to keep monetary policy restrictive for longer, unsettling investors
19 January 2023 – 19:51
The JSE tracked weaker global peers on Thursday and the rand was under pressure along with other emerging-market currencies as renewed concerns about recession weighed on sentiment.
Further hawkish comments from Federal Reserve officials left investors increasingly concerned that the US central bank will keep raising rates despite signs of slowing inflation…
Source: businesslive.co.za
