MARKET WRAP: JSE slides as Fed prepares last policy statement for 2022
UBS Global Wealth Management cautions that while US inflation is easing, the labour market also needs to cool
14 December 2022 – 19:22
The JSE surrendered almost all of the previous session’s gains on Wednesday while the rand briefly strengthened to below R16 to the dollar as investors awaited the outcome of the US Federal Reserve’s final policy decision for the year.
The Fed is widely expected to raise rates by 50 basis points for the first time after four consecutive 75 basis point hikes. The decision is due at 9pm local time. ..
Source: businesslive.co.za
