Investors will be looking for fresh clues to the interest rate trajectory, says RMB’s Matete Thulare
30 January 2024 – 18:12
The JSE closed marginally firmer on Tuesday, with global peers mixed as investors braced for the Federal Reserve (Fed) decision on Wednesday and corporate earnings from the two mega-cap technology companies.
The federal open market committee (FOMC) is generally expected to keep interest rates steady when it concludes its first two-day meeting for the year on Wednesday. Investors will, however, focus on comments after the meeting from Fed chair Jerome Powell for clues on the central bank’s policy outlook…