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Financial markets wrestle with ‘higher for longer’ interest rates
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Higher rates will impact corporate earnings, and stock valuations.
PHOTO: AFP
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SINGAPORE - Rising producer prices, tight labour market, strong retail sales, fears of a “not-so-soft” landing amid hawkish comments by US Federal Reserve officials provided a heady brew of news flows for the market to digest.
But remarkably enough, the financial markets did hold up, somewhat.
