MARKET WRAP: JSE firmer as investors mull interest rate outlook
Consumer inflation data and the SA Reserve Bank’s monetary policy committee will be the focus this week
20 November 2023 – 18:44
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The JSE closed firmer on Monday, with global peers mixed as investors considered if the US Federal Reserve is finished hiking interest rates, and when it would start cutting them.
Investors are optimistic that the Fed could start cutting rates early in 2024 after signs that inflation has cooled enough and that aggressive hikes are finally working…
Source: businesslive.co.za
