The US Federal Reserve announced it would hold its policy rate steady today at the conclusion of its two-day meeting on Wednesday.

It marked first time the US Fed has not raised rates since March 2022, when it launched the first of ten consecutive increases. The target range for the federal funds rate thus stays at 5–5.25%.

How are markets reaction to this decision and can we expect further hikes in the future?

On Money in the Market, Hongbin Jeong speaks to Wong Kok Hoong, Head of Equity Sales Trading, Maybank Securities, to find out more. 

Highlights
1:12 - Was the US Fed's decision to pause rates widely anticipated? 
1:41 -  How much did recent US CPI inflation numbers play into this decision?
4:17 -  How are Asian markets reacting to the US Fed's rate pause?
6:56 - When can we expect the US Fed to hike rates again?
9:36 - How are Treasury yields faring in the aftermath of this decision?