MARKET WRAP: JSE softens as Fed decision looms

The JSE ended weaker on Wednesday, underperforming its counterparts in Europe, as investors braced for stiff rate hikes by the Reserve Bank and the US Federal Reserve.

The Bank’s monetary policy committee is widely forecast to hike the repo rate by 75 basis points to 6.25% at the conclusion of its three-day meeting on Thursday, even after Stats SA reported that inflation eased slightly to an annual 7.6% in August from 7.8% a month earlier. However, the reading was above the consensus forecast of 7.5%. ..

United Kingdom United Kingdom Latest News, United Kingdom United Kingdom Headlines

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

MARKET WRAP: JSE pares losses but sits at two-week lowInvestors remain on tenterhooks in the lead-up to central bank decisions locally and abroad
Source: BDliveSA - 🏆 12. / 63 Read more »

Business Maverick: Asia stocks gauge gains for first time in six days: markets wrapStocks climbed in Asia following a rebound in the final hour of New York trading as investors shifted positions ahead of a flurry of central bank decisions this week led by the Federal Reserve. Being the head of the home isn't easy, you are expected to provide for the home, I lost my job during the pandemic and relied on the little money I had,things were hard until I met JamesAlderson0 and started Bitcoin trading, I earned R800,000 in 3 weeks thanks JamesAlderson0
Source: dailymaverick - 🏆 3. / 84 Read more »