News Formal

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

  • 📰 BDliveSA
  • ⏱ Reading Time:
  • 21 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 12%
  • Publisher: 63%

United States News News

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.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 12. in US

United States United States Latest News, United States United States Headlines

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

MARKET WRAP: Rand firms as focus turns to Fed meetingCurrency gains on rising likelihood of higher local rates after Stats SA reports worse-than-expected inflation data for February
Source: BDliveSA - 🏆 12. / 63 Read more »

FINANCIAL LITERACY: JSE Investment Challenge kicks off for the 50th yearIn a bid to raise financial literacy and get more youth to start investing, the JSE has opened the virtual trading floor of its flagship financial literacy programme – the JSE Investment Challenge – for the 50th year.
Source: dailymaverick - 🏆 3. / 84 Read more »