The US Federal Reserve held interest rates steady overnight, as was widely expected.
Fed Chair Jerome Powell made clear that the central bank is almost done raising interest rates, but his colleagues delivered the message that resonated: borrowing costs must remain higher for longer amid renewed strength in the economy.
So will rates stay higher for longer?
On Money in the Market, Hongbin Jeong speaks to Gary Dugan, CIO, Dalma Capital, to find out more.
01:20 - How have markets reacted to to US Fed holding rates steady?
02:00 - What does Jerome Powell's speech signal?
03:30 - When will we see another hike?
04:18 - Will we see a rate cut next year?
05:00 - What does this mean now for equities, bonds and the US dollar?