As expected, the US Federal Reserve raised rates by 75 basis points for the fourth time in a row.The move lifts the Fed’s benchmark to a 3.75%-4% range, from nearly zero in March. But Fed Chair Jerome Powell has left little doubt that he’s prepared to push rates as high as needed to stamp out inflation, saying that incoming data since the last meeting suggests that ultimate level of interest rates will be higher than previously expected. On Money in the Market, Alvin Liew, Senior Economist at UOB, joins us to tell us more about the interest rate hike and what Powell signalled during his speech. 

As expected, the US Federal Reserve raised rates by 75 basis points for the fourth time in a row.The move lifts the Fed’s benchmark to a 3.75%-4% range, from nearly zero in March. But Fed Chair Jerome Powell has left little doubt that he’s prepared to push rates as high as needed to stamp out inflation, saying that incoming data since the last meeting suggests that ultimate level of interest rates will be higher than previously expected. On Money in the Market, Alvin Liew, Senior Economist at UOB, joins us to tell us more about the interest rate hike and what Powell signalled during his speech.

Stay in the know with programs such as Viewpoint and Industry Insights in property, cryptocurrency, aviation, and shipping. 

We delve into the latest news, current events, and market updates to provide you with valuable insights into making informed financial decisions.

Stay in the know with programs such as Viewpoint and Industry Insights in property, cryptocurrency, aviation, and shipping. We delve into the latest news, current events, and market updates to provide you with valuable insights into making informed financial decisions.

Advertisement