The JSE touched its weakest level in a month, tracking global markets lower as investors anticipate the US Federal Reserve will need to act more aggressively after Friday’s worse-than-expected inflation report.
The local bourse extended Friday’s losses, falling more than 2% as sentiment remained preoccupied by last week’s news that the US May consumer price index came in at its highest level since 1981. The report showed prices rose 8.6% year on year, while core inflation, which excludes food and energy prices, came in at 6%. The market expectation was an increase of 8.3% overall and 5.9% for core inflation...
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Business Maverick: Stocks Knocked Down With Fed Walking a ‘Tightrope’US stocks hurtled toward a bear market, Treasury yields spiked to levels not seen in a decade and the dollar powered higher as speculation mounted that the Federal Reserve’s efforts to tame runaway inflation will plunge the economy into a recession. Few months back I had no way of taking care of my kids , had no job or money also struggling through the pandemic,so I decided to try Bitcoin trading with the help of Allison_Grillo I was able to earn $50,000 now am financially stable. I never believe in making money online before but since I started seeing different people testifying about Cynthia_Neliwe1 ,i was so interested in to investing with her because all friends who Invested have all received their profits successfully and so do I Cynthia_Neliwe1
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