MARKET WRAP: JSE falters as Powell prepares to speak
Investors are betting the Fed will hold rates at its next meeting but the central bank head has been keeping his options open
09 November 2023 – 19:02
by
The JSE pared earlier losses on Thursday while European markets moved higher as investors waited for a speech by Federal Reserve chair Jerome Powell later in the day.
Powell is due to speak at an annual conference hosted by the IMF and in the past few days various Fed officials have stuck to a cautious tone that interest-rate hikes might still be on the table as inflation remains above the central bank’s 2% target…
Source: businesslive.co.za
