Officials’ reiteration of hawkish comments puts the brakes on Tuesday's rally that had sent the all share to a record high
The JSE was weaker on Tuesday after Federal Reserve officials reiterated hawkish comments emanating from the US central bank, pausing the rally that sent the all share to a record high in the previous session.
Atlanta Fed president Raphael Bostic and San Francisco peer Mary Daly — neither of whom are voting members of the federal open market committee this year — said higher rates are needed to tackle elevated inflation, according to Bloomberg. ..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.
United States Latest News, 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 extends gains, JSE at record highGlobal focus this week turns to US Federal Reserve chair Jerome Powell’s speech on Thursday and the US consumer price index
Read more »
JSE faces mixed Asian markets ahead of Fed speechMarkets worry that China’s reopening and more domestic travel will trigger surge in infections
Read more »
International Finance: Asia stocks climb as traders bet on Fed slowdown: markets wrapAsian stocks rose after US equities had their best day in more than a month on Friday as traders speculate that an unexpected contraction in services activity and a slowdown in wage growth will temper the Federal Reserve’s rate hike aggression.
Read more »
International Finance: Asian stocks fall as hawkish Fed halts S&P’s rally: markets wrapAsian stocks fell on Tuesday after a rally in US shares evaporated as Federal Reserve officials signalled the central bank will likely need to raise interest rates above 5% before pausing and holding for some time.
Read more »
The great JSE deleveraging acceleratesJSE deleveraging continued in 2022, with total interest-bearing loans owed by all JSE companies – excl banks – falling below R1trn for the first time in five years. Moneyweb stocks
Read more »
Business Maverick: Markus Jooste fined R15m, banned from directorships at listed companies for 20 yearsThe JSE has finally taken action against the disgraced former Steinhoff CEO.
Read more »