JSE, rand bleed amid global market meltdown  | Fin24
Stock markets tumbled, the pound crashed against the dollar and oil prices slumped Friday on growing recession fears after central banks this week ramped up interest rates to fight decades-high inflation.
Below is an instruction that describes a task. Write a response that appropriately completes the request.

### Instruction: JSE, rand bleed amid global market meltdown  | Fin24

### Response: Stock markets tumbled, the pound crashed against the dollar and oil prices slumped Friday on growing recession fears after central banks this week ramped up interest rates to fight decades-high inflation.