Concerns that the Fed will have to wrestle with elevated inflation for a long time slowed this week’s rally
The JSE retreated from its two-month high on Friday as investors considered the US Federal Reserve’s next steps for keeping inflation in check.
Riskier assets received a boost, with the JSE’s all share index rising 1.74% for the week after the US consumer and producer inflation numbers came in better than expected, fuelling hopes the Fed might slow its aggressive monetary tightening...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 Sunday Times Daily.
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