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MARKET WRAP: JSE tracks weaker global peers ahead of Fed’s policy decision

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A 50 basis-point increase is already priced in and investors will be focusing on the US central bank’s next steps to tame inflation

The JSE tracked weaker global equities on Wednesday, as investors braced for the Federal Reserve’s interest rate decision that is widely expected to see rates hiked half a percentage point.

With that scenario already priced in, the focus will on more clues whether the Fed will be able to tame inflation without triggering a recession — a so-called soft landing. ..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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