Market volatility to remain as Fed walks tightrope

Broader market sentiment is likely to remain uncertain heading towards the next Fed rate-setting meeting in two weeks’ time.

PHOTO: AFP

Ven Sreenivasan

SINGAPORE - Global stock markets ended mixed last week as investors digested a mixed bag of signals.

While Federal Reserve chairman Jerome Powell signalled last Wednesday that the

Friday’s

stronger-than-expected US jobs data

for November suggests that the US central bank is unlikely to take its foot off the quantitative tightening pedal any time soon.