The JSE all share index could open mixed on Wednesday as global markets tread water ahead of a meeting of monetary policy leaders at the end of the week.“The main focus this week is the meeting of monetary policy leaders at Jackson Hole on Friday,” analysts at Vestact said in a note. “Particular focus will be given to what [Federal Reserve chair] Jay Powell has to say about where he thinks the Fed will be heading.
Analysts at ANZ Banking Group said on Wednesday the market had already priced in another 25 basis point rate cut by the Fed at its next meeting in September. Meanwhile, Stats SA is due to publish consumer inflation data for July on Wednesday morning. Analysts say a low reading would raise the prospect of another domestic interest rate cut in 2019.
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