Market Watch

Amid market uncertainty, best strategy would be to shift to stocks with greater price stability

Most economists see a global economic softening heading into early 2023

The Dow Jones was up 2.66 per cent for the week to 32,151.71 points. PHOTO: REUTERS
New: Gift this subscriber-only story to your friends and family

SINGAPORE - It is almost a given that the United States Federal Reserve will hike its key rate by 75 basis points (bps) when it meets later this month.

Fed chair Jerome Powell, in a closely watched speech at the Cato Institute in Washington last week, reiterated that the US central bank is "strongly committed" to bringing inflation down and needs to keep going until it gets the job done.

Already a subscriber? 

Read the full story and more at $9.90/month

Get exclusive reports and insights with more than 500 subscriber-only articles every month

Unlock these benefits

  • All subscriber-only content on ST app and

  • Easy access any time via ST app on 1 mobile device

  • E-paper with 2-week archive so you won't miss out on content that matters to you

Join ST's Telegram channel and get the latest breaking news delivered to you.