Market Watch
Market volatility to remain as Fed walks tightrope
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Broader market sentiment is likely to remain uncertain heading towards the next Fed rate-setting meeting in two weeks’ time.
PHOTO: AFP
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 pace of interest rate hikes might slow, 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.
