The Afternoon Update with Lynlee Foo (1pm – 4pm)The Afternoon Update with Lynlee Foo (1pm – 4pm)

Money in the Market: Fed opts for 25 basis points - is this dovish?

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The Fed opted for a 25 basis point hike. Officials, though, did consider pausing increases in the days leading up to the meeting but in the end the hike got unanimous support. Fed Chair Jerome says the bottom line is inflation is still too high and more interest rate increases are needed. So what does this mean now for the banking sector? Will the Fed pause soon? Or will rates continue to go higher for longer? On Money in the Market, Hongbin Jeong speaks to Vishnu Varathan, Head of Economics & Strategy, Asia at Mizuho Bank to find out more. 

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The Afternoon Update with Lynlee Foo (1pm – 4pm)

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