MARKET WRAP: JSE muted as investors digest US inflation data
JSE all share is little changed, the top 40 was 0.1% weaker and the rand marginally firmer
14 February 2024 – 19:37
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The JSE was little changed on Wednesday, while the rand was marginally firmer as markets attempted to rebound after hotter-than-anticipated US inflation.
The inflation report, coupled with recent data showing a strong US economy and labour market, forced investors to acknowledge that the Federal Reserve might not cut interest rates as early as they had hoped, let alone deliver multiple cuts this year…
Source: businesslive.co.za