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Local bourse loses ground on Friday morning as investors digest Fed’s rate hike
24 March 2023 – 11:26 Lindiwe Tsobo
The JSE was weaker on Friday morning, along with its global peers, as investors digested the move by the Federal Reserve to raise interest rates amid the global banking sector concerns.
Th Fed increased its benchmark rate by 25 basis points — the ninth hike since March 2022 — taking the upper band of the Federal Funds Rate to 5%…
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