MARKET WRAP: JSE stalls ahead of Fed statement

The JSE closed slightly weaker on Wednesday hours before a much-anticipated US Federal Reserve policy statement.

The federal open market committee is expected to announce it will step up the withdrawal of monetary stimulus, tapering asset purchases to $30 billion a month and wind down the programme down by March next year...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 Sunday Times Daily.

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