Commentary
No reason for markets to panic over Middle East conflict, delay in US rate cut
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The latest data has made investors more aware that while significant progress has been made in the fight against inflation, the path going forward will be uneven.
PHOTO: EPA-EFE
Vasu Menon
SINGAPORE - Jubilation gave way to some panic over the past two weeks after an unstoppable five-month stock market rally grounded to a halt. Two key developments left investors wondering if the good times are over.
First, US Federal Reserve chairman Jerome Powell signalled that policymakers would wait longer than previously anticipated to cut interest rates following a higher-than-expected inflation reading in March.
