MARKET WRAP: JSE firmer as markets digest Fed’s less hawkish tone

The JSE gained the most in more than a week on Thursday as investors welcomed less-than-feared hawkish tone from the US Federal Reserve, which moved to raise interest rates in line with market expectations.

The Fed delivered a 75-basis-point hike for the second consecutive meeting on Wednesday evening to battle a four-decade-high surge in inflation. Chair Jerome Powell indicated that the central bank could slow the pace of its rate hikes, saying its future moves will be data dependent...

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