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MARKET WRAP: JSE and rand firm as investors digest US and UK rate hikes

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Fed chair’s dovish comments spurs investor hopes that further monetary tightening could be placed on hold

The JSE tracked mostly firmer global markets on Thursday as investors digested the Federal Reserve’s interest rate hike the day before despite widespread about the banking sector.

The Fed increased its benchmark rate by 25 basis points — the ninth hike since March 2022 — taking the upper band of the Federal Funds Rate to 5%...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.

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