MARKET WRAP: JSE and rand firm as Fed meeting draws to a close

The JSE closed firmer on Wednesday with investors’ focus squarely on the US Federal Reserve interest rate decision due later in the evening at the conclusion of its first two-day meeting of the year.

A hike of 25 basis points is widely expected, but of greater interest is Fed chair Jerome Powell’s address after the announcement at 9pm local time as markets attempt to gauge the likely direction of the world’s most influential central bank. With evidence of inflation easing, investors are hoping Powell will signal a pause in tightening in the near future. ..

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: JSE slips but ends the month strongInvestors are firmly focused on the Fed, the ECB and the Bank of England while the US earnings season isn’t playing out as hoped
Source: BDliveSA - 🏆 12. / 63 Read more »

Business Maverick: Global stocks hold monthly gain before Fed, ECB: markets wrapA gauge of global stocks held to a monthly gain of more than 6% amid mixed trading in Asia on Tuesday as investors positioned for interest-rate hikes this week from the Federal Reserve and the European Central Bank.
Source: dailymaverick - 🏆 3. / 84 Read more »

Business Maverick: Asian stocks rise, US futures waver before Fed: markets wrapStocks in Asia advanced after US shares ended January on a high note as signs of cooling inflation encouraged risk appetite ahead of the Federal Reserve’s meeting on Wednesday.
Source: dailymaverick - 🏆 3. / 84 Read more »