Markets remain volatile amid strong jobs data, suggesting more rates hikes ahead

SINGAPORE - Signs of plateauing inflation numbers and less hawkishness by the

US Federal Reserve

have not been enough to assuage investors’ nervousness, judging by the continuing volatility in the markets.

Despite the Fed moderating its rate hike to a widely anticipated 25 basis points, the Straits Times Index (STI) dipped 0.4 per cent in price returns for the week, in line with the regional FTSE APAC Index which dipped 0.5 per cent.