MARKET WRAP: JSE edges higher as focus turns to next week’s Fed meeting

The JSE closed firmer on Thursday while its global peers were mixed as investors weighed the odds of a recession amid prospects that the US Federal Reserve will need to raise interest rates for longer than anticipated.

Investors are now squarely focused on the Fed’s policy meeting next week, where the central bank is widely expected to raise interest rates by 50 basis points ...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.

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 slips as investors bet on higher interest rates for longerInvestors are now betting the Fed will need to hike rates for longer than previously expected to bring down record inflation
Source: BDliveSA - 🏆 12. / 63 Read more »

MARKET WRAP: JSE weakens on fears of prolonged rate hikesRand continues to regain ground in the wake of last week’s political turmoil and brighter Covid prospects in China
Source: BDliveSA - 🏆 12. / 63 Read more »

Business Maverick: Tech Stocks Drive Selloff as Bank CEOs Sound Alarm: Markets WrapStocks slumped after downbeat economic warnings from bank chiefs at a time when concern about the impacts of Federal Reserve policy on corporate earnings is running rampant.
Source: dailymaverick - 🏆 3. / 84 Read more »

Business Maverick: Stocks mixed on China reopening, recession fears: markets wrapStocks in Asia fluctuated following signs China would further relax its Covid restrictions, while Treasuries flashed warning signs of recession. The dollar strengthened in an indication of demand for havens. China lies...
Source: dailymaverick - 🏆 3. / 84 Read more »