MARKET WRAP: Fed official’s hawkish comments drag JSE lower

  • 📰 BDliveSA
  • ⏱ Reading Time:
  • 14 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 9%
  • Publisher: 63%

Business News News

Fed governor Lael Brainard’s comments mean a 50 basis-point rate hike is on the table at its next meeting

The JSE tracked weaker global markets on Wednesday as hawkish comments by a US Federal Reserve official weighed on sentiment.

Fed governor Lael Brainard said in a virtual speech to the Minneapolis Fed on Tuesday that the central bank’s task of reducing inflation pressures was “paramount”, and it would raise interest rates steadily while starting to reduce its balance sheet as soon as May...

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 12. in BUSİNESS

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

MARKET WRAP: JSE slightly weaker as precious metals miners fallThungela Resources was the top performer on the JSE on Monday as investor sentiment continued to be dominated by the war in Ukraine
Source: BDliveSA - 🏆 12. / 63 Read more »

MARKET WRAP: Russia and US economy pull JSE lowerBanking stocks hit hardest as Deutsche warns of recession in wake of sustained rate hikes by the Federal Reserve
Source: BDliveSA - 🏆 12. / 63 Read more »

The Competition Commission and the fresh produce market inquiryThe food and agro-processing industry was identified as having the potential to unlock opportunities to drive inclusive economic growth
Source: BDliveSA - 🏆 12. / 63 Read more »

Costa Rica elects pro-market economist Rodrigo Chaves as new presidentFormer World Bank economist promises to modernise the state, create jobs and govern with 'transparency and austerity' There's that austerity thing again. Code for we all know what. Ticos are in trouble.
Source: BDliveSA - 🏆 12. / 63 Read more »

WATCH: Market ReportBusiness Day TV talks to Imtiaz Suliman from Sentio Capital I don't trade for my self, but have earn a living and extra cash from trading with the help of stephinieweller she has always been of help to me and some other friends and family people are engaging with her everyday with good reviews wow, send her a dm to get started already
Source: BDliveSA - 🏆 12. / 63 Read more »