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A rocky start to the second half of 2023 as Fed sticks to hawkish tone
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Wall Street's performances over the past week suggest the third quarter could be a bumpy ride for markets.
PHOTO: REUTERS
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SINGAPORE - Markets kept on gyrating between fear and hope as United States Federal Reserve chairman Jerome Powell and his colleagues continued to suggest the central bank has not reached the end of its tightening cycle.
After a generally good showing in the first half of 2023, markets are at a crossroads and investors are jittery and fearful of a sharp correction brought on by tighter policy from central banks, negative inflation surprises and continued economic weakness.
