The STI lost 48 points or 1.45% at 3,246.33 Main concerns were US Fed tightening in face of rising inflation Question is how many rate hikes there will be – 3 or 4? 3rd SPAC Novo Tellus ended debut below its offer price Contractor Alpina Holdings ended debut just above its offer price iFast continued to come under pressure Outlook: more volatility ahead Wall St’s weakness eventually took a toll here Last week was all about whether the local market could hold its ground in the face of a nervous and unsteady Wall Street where inflation and interest rates fears took centre stage whilst the US Federal Reserve held its first Open Markets Committee meeting of the year. As it turned out, the answer initially was “yes it could’’, but as the selling in the US market intensified as the