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.
Already a subscriber? Log in
Read the full story and more at $9.90/month
Get exclusive reports and insights with more than 500 subscriber-only articles every month
ST One Digital
$9.90/month
No contract
ST app access on 1 mobile device
Unlock these benefits
All subscriber-only content on ST app and straitstimes.com
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
