The US Federal Reserve has raised its benchmark interest rate by 75 basis points - the largest hike in nearly three decades. The widely anticipated move is aimed at driving down inflation, which has soared to 40-year highs in the country. Commenting on the rate decision, Federal Reserve Chairman also suggested that a 50 or 75-basis-point increase is likely at its July meeting. On that note, how are central banks around the world expected to react in the coming days, and what implications will the rate hike have on our borrowing costs? In Market View, Prime Time’s Finance Presenter Chua Tian Tian spoke with Clara Cheong, Global Market Strategist at J.P. Morgan Asset Management to find out. 

<p>The US Federal Reserve has raised its benchmark interest rate by 75 basis points - the largest hike in nearly three decades. The widely anticipated move is aimed at driving down inflation, which has soared to 40-year highs in the country. Commenting on the rate decision, Federal Reserve Chairman also suggested that a 50 or 75-basis-point increase is likely at its July meeting. On that note, how are central banks around the world expected to react in the coming days, and what implications will the rate hike have on our borrowing costs? In Market View, Prime Time&rsquo;s Finance Presenter Chua Tian Tian spoke with Clara Cheong, Global Market Strategist at J.P. Morgan Asset Management to find out.&nbsp;</p>

Money Matters is your guide to navigating the day's most important topics, from politics and current affairs to wealth management and trending issues. Every evening, the team delivers insightful discussions on business news, market movements, and the latest in alternative assets. Whether navigating the political landscape, understanding the economy, or uncovering emerging investment opportunities, Money Matters keeps you informed and ahead of the curve. Tune in daily to Hongbin Jeong and Chua Tian Tian from 4 pm to 7 pm on MONEY FM 89.3.

<p>Money Matters is your guide to navigating the day's most important topics, from politics and current affairs to wealth management and trending issues. Every evening, the team delivers insightful discussions on business news, market movements, and the latest in alternative assets. Whether navigating the political landscape, understanding the economy, or uncovering emerging investment opportunities, Money Matters keeps you informed and ahead of the curve. Tune in daily to Hongbin Jeong and Chua Tian Tian from 4 pm to 7 pm on MONEY FM 89.3.</p>

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