Another uncertain, volatile week ahead

LIKE Singapore's voters at the Sept 11 General Election, the US Federal Reserve opted for safety and kept interest rates unchanged last week. This had been widely expected but was not universally welcomed. There are many Fed critics who felt that the US central bank should have raised rates so as to remove uncertainty and enable financial markets to move forward with a proper pricing of risk.

What the Fed should have done is now actually moot; the more important question i…