The US Federal Reserve raised interest rates by 25 basis points overnight, with signals of at least one more hike this year sending Wall Street mostly lower. The ASX is poised to follow with a sharp fall at the open, while oil prices retreated on easing concerns about Middle East supply disruptions. Plus, why some investors are starting to see better value in Australian bonds compared with shares.

James Gruber, Equity Market Strategist at CommSec takes you through all the key numbers.

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The content in this podcast is prepared, approved and distributed in Australia by Commonwealth Securities Limited ABN 60 067 254 399 AFSL 238814. The information does not take into account your objectives, financial situation or needs. Consider the appropriateness of the information before acting and if necessary, seek appropriate professional advice.