Market Watch

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
Gift this subscriber-only story to your friends and family

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.

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

Follow ST on LinkedIn and stay updated on the latest career news, insights and more.