The US Federal Reserve has approved its largest interest rate increase since 1994 to slow the ongoing surge in inflation. The widely-expected move raised the target federal funds rate by 75 basis points to between 1.5% and 1.75%. Amid high inflation, rising borrowing costs and the growing risk of a recession growing, how should investors position themselves in this volatile environment? In The Straits Times’ The Big Story, Assistant video editor Olivia Quay spoke with Daryl Ho, a senior senior investment strategist at DBS Bank's chief investment office to find out.