The JSE closed weaker in line with global markets on Wednesday as concern grows that the Federal Reserve could implement rate hikes for longer than previously expected.
Though markets expect a smaller increase in US rates in December, investors fear further hikes are likely that would take the cost of borrowing to a higher level than anticipated...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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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
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