Market Watch
Fed to remain on hawkish path, but recession concerns still unfounded
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The biggest market event of the week was the US Federal Reserve's widely anticipated 25 basis points hike of its funds rate.
PHOTO: REUTERS
SINGAPORE - Is the market getting desensitised to bad news?
It sure seems like it, given how stocks have put up their best weekly performance in recent years despite a war in Ukraine, rising interest rates, fears of stagflation and a seemingly unending supply chain crunch.