JSE slips as investors mull over US Fed’s hawkish tone
Fed chair Jerome Powell says there is no rush to cut interest rates yet as more data is required to show that inflation is easing
01 February 2024 - 10:35
The JSE was weaker on Thursday morning, along with most global markets as investors digested a decision by the US Federal Reserve to hold interest rates steady as expected. The Fed did signal that a March cut was unlikely.
In his post-meeting conference, Fed chair Jerome Powell pushed back against market expectations for a cut at the March meeting, highlighting the need to see inflation coming down more “sustainably towards” its 2% goal...
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