The US Federal Reserve says it will cut treasury purchases by $10bn and mortgage-backed securities by $5bn
The JSE was firmer along with its global peers on Thursday morning, as markets welcomed the US Federal Reserve’s policy decision.
The Fed will begin scaling down its asset purchases by $15bn starting in November, as expected, though the tapering does not mean policymakers will hike rates soon...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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