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Markets greet hawkish US Fed pivot cautiously
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Keppel Corp is one of a handful of blue chips that have been doing well of late.
PHOTO: KEPPEL
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SINGAPORE - The United States Federal Reserve delivered what many analysts called a “hawkish skip” last week , pausing its rate hike after 10 consecutive tightenings,
A rather perplexing perspective, one might say. If inflation is still unacceptably high, why pause? If pausing, why warn that more hikes are coming? Why not just continue hiking rates until the dragon of inflation is slayed?
