MARKET WRAP: JSE muted as investors looks to Powell’s address for clarity

📆 07/02/2023 22:46:00
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Market participants view the Fed chair’s appearance at the Economic Club as a chance to offer more clarity on where rates are headed

The JSE was little changed on Tuesday while its global peers were mixed as the focus turned to a speech to be delivered by US Federal Reserve chair Jerome Powell.

Powell will deliver a speech at the Economic Club of Washington at 9pm local time. After Friday’s surprisingly strong jobs data, market participants view Powell’s appearance at the Economic Club as an opportunity for him to offer more clarity on where rates are headed, or clarify some comments made after last week’s 25 basis point interest rate hike on “disinflationary” signs in the economy...

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