JSE slips as US Federal Reserve remains in the spotlight
Focus will be on Fed chair Jerome Powell's speech at the Jackson Hole seminar on Friday
22 August 2019 - 11:08
The JSE was lower on Thursday morning as markets digested meeting minutes from the US Federal Reserve, which dampened expectations of a US monetary policy easing cycle.
”Members generally agreed that it was important to maintain optionality in setting the future target range for the federal funds rate and, more generally, that near-term adjustments of the stance of monetary policy would appropriately remain dependent on the implications of incoming information for the economic outlook,” the Fed said. ..
Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.
Please read our Comment Policy before commenting.
Subscribe now to unlock this article.
Support BusinessLIVE’s award-winning journalism for R129 per month (digital access only).
There’s never been a more important time to support independent journalism in SA. Our subscription packages now offer an ad-free experience for readers.
Cancel anytime.
Questions? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now.