MARKET WRAP: JSE feels the chill wind of Fed comments

The JSE was weaker on Tuesday after Federal Reserve officials reiterated hawkish comments emanating from the US central bank, pausing the rally that sent the all share to a record high in the previous session.

Atlanta Fed president Raphael Bostic and her San Francisco peer, Mary Daly — neither of whom are voting members of the federal open market committee this year — said higher rates are needed to tackle elevated inflation, according to Bloomberg. ..

Source: businesslive.co.za