JSE firmer as traders await outcome of Fed policy meeting

Concern about banking sector turmoil is easing, but market sentiment remains fragile, says Citadel Global director Bianca Botes

The JSE was firmer on Wednesday morning, with global markets mixed as investors awaited the outcome of the Federal Reserve policy meeting.

Given the banking sector turmoil, many investors are divided on whether the US central bank will opt for a 25 basis point hike or even pause its hiking cycle when it concludes the Federal open market committee meeting later on Wednesday...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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