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MARKET WRAP: JSE and rand under pressure on hawkish Fed comments

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US central bank officials reiterated the need to keep monetary policy restrictive for longer, unsettling investors

The JSE tracked weaker global peers on Thursday and the rand was under pressure along with other emerging-market currencies as renewed concerns about recession weighed on sentiment.

Further hawkish comments from Federal Reserve officials left investors increasingly concerned that the US central bank will keep raising rates despite signs of slowing inflation...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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