MARKET WRAP: JSE slides as Fed prepares last policy statement for 2022

The JSE surrendered almost all of the previous session’s gains on Wednesday while the rand briefly strengthened to below R16 to the dollar as investors awaited the outcome of the US Federal Reserve’s final policy decision for the year.

The Fed is widely expected to raise rates by 50 basis points for the first time after four consecutive 75 basis point hikes. The decision is due at 9pm local time. ..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.

Singapore Singapore Latest News, Singapore Singapore Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

MARKET WRAP: Rand, JSE rally as US inflation surprisesMarkets welcome better-than-expected monthly CPI data from the Labor Bureau, but warn that the rand still faces headwinds
Source: BDliveSA - 🏆 12. / 63 Read more »

International Finance: Asia stocks benchmark clings to gain before Fed: markets wrapA gauge of Asian stocks eased from its session highs, mirroring moves seen on Wall Street, as investors weighed a slowdown in US inflation ahead of the Federal Reserve’s policy decision.
Source: dailymaverick - 🏆 3. / 84 Read more »

Business Maverick: Stocks Trim CPI-Fueled Gains With Fed Set to Hike: Markets WrapUS stocks trimmed a rally sparked by an unexpectedly strong slowdown in price growth last month, as attention turned to whether the Federal Reserve will alter its aggressive approach to battling inflation.
Source: dailymaverick - 🏆 3. / 84 Read more »