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MARKET WRAP: JSE firms as markets shrug off Fed official’s hawkish comments

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The JSE tracked European and US markets firmer on Friday

, with investors shaking off comments from US Federal Reserve officials that more interest rate hikes are needed to fight inflation.

While the Fed has indicated it will raise interest rates by smaller increments, its officials have been firm in their insistence that there’s still a long way to go until inflation is back in check...A subscription helps you enjoy the best of our business content every day along with benefits such as articles from our international business news partners; ProfileData financial data; and digital access to the Sunday Times and TimesLive Premium.

 

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