Market Watch

Markets on tenterhooks after rate hike and with US inflation numbers looming

Stock markets will remain on tenterhooks as the Fed remains hawkish on rates. PHOTO: AFP
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SINGAPORE - It would be an understatement to call the past week’s stock market performance volatile.

Although the fourth consecutive 75 basis-point rate hike by the United States Federal Reserve was widely expected, the mixed messaging from Fed chairman Jerome Powell at a press conference that followed saw markets whipsawing from positive territory in early Thursday trading to end the session deeply in the red.

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