Markets continue to watch data releases closely as they try to gauge whether the worst of aggressive monetary policy tightening is overThe JSE looks set to join mixed, but subdued Asian markets on Friday, with investors still contemplating just how aggressive global central banks will need to be in order to tame inflation.
Minutes from the US Federal Reserve’s last meeting, however, showed clear concern that inflation is not moderating, with policymakers willing to act quickly in order to anchor expectations and return inflation to its 2% target.“Markets remain hyper-focused on the monthly data releases to determine how the Fed will act going forward,” said Sasfin Wealth fixed-income trader Alvin Chawasema in a note.
Source: Financial Digest (financialdigest.net)
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