MARKET WRAP: Fed official’s hawkish comments drag JSE lower

  • 📰 BDliveSA
  • ⏱ Reading Time:
  • 14 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 9%
  • Publisher: 63%

Sverige Nyheter Nyheter

Fed governor Lael Brainard’s comments mean a 50 basis-point rate hike is on the table at its next meeting

The JSE tracked weaker global markets on Wednesday as hawkish comments by a US Federal Reserve official weighed on sentiment.

Fed governor Lael Brainard said in a virtual speech to the Minneapolis Fed on Tuesday that the central bank’s task of reducing inflation pressures was “paramount”, and it would raise interest rates steadily while starting to reduce its balance sheet as soon as May...

 

Tack för din kommentar. Din kommentar kommer att publiceras efter att ha granskats.
Vi har sammanfattat den här nyheten så att du kan läsa den snabbt. Om du är intresserad av nyheterna kan du läsa hela texten här. Läs mer:

 /  🏆 12. in SE

Sverige Senaste nytt, Sverige Rubriker

Similar News:Du kan också läsa nyheter som liknar den här som vi har samlat in från andra nyhetskällor.

MARKET WRAP: JSE slightly weaker as precious metals miners fallThungela Resources was the top performer on the JSE on Monday as investor sentiment continued to be dominated by the war in Ukraine
Källa: BDliveSA - 🏆 12. / 63 Läs mer »

MARKET WRAP: Russia and US economy pull JSE lowerBanking stocks hit hardest as Deutsche warns of recession in wake of sustained rate hikes by the Federal Reserve
Källa: BDliveSA - 🏆 12. / 63 Läs mer »

The Competition Commission and the fresh produce market inquiryThe food and agro-processing industry was identified as having the potential to unlock opportunities to drive inclusive economic growth
Källa: BDliveSA - 🏆 12. / 63 Läs mer »

Costa Rica elects pro-market economist Rodrigo Chaves as new presidentFormer World Bank economist promises to modernise the state, create jobs and govern with 'transparency and austerity' There's that austerity thing again. Code for we all know what. Ticos are in trouble.
Källa: BDliveSA - 🏆 12. / 63 Läs mer »

WATCH: Market ReportBusiness Day TV talks to Imtiaz Suliman from Sentio Capital I don't trade for my self, but have earn a living and extra cash from trading with the help of stephinieweller she has always been of help to me and some other friends and family people are engaging with her everyday with good reviews wow, send her a dm to get started already
Källa: BDliveSA - 🏆 12. / 63 Läs mer »