MARKET WRAP: JSE slips as investors await the Fed’s next move
Concerns that the Fed will have to wrestle with elevated inflation for a long time slowed this week’s rally
12 August 2022 – 18:42
The JSE retreated from its two-month high on Friday as investors considered the US Federal Reserve’s next steps for keeping inflation in check.
Riskier assets received a boost, with the JSE’s all share index rising 1.74% for the week after the US consumer and producer inflation numbers came in better than expected, fuelling hopes the Fed might slow its aggressive monetary tightening…
Source: businesslive.co.za