The US Federal Reserve raised interest rates by a quarter percentage point and signaled hikes at all six remaining meetings this year, launching an aggressive campaign to tackle the fastest inflation in four decades even as risks to economic growth mount.

The hike is likely the first of several to come this year, as the Fed said it “anticipates that ongoing increases in the target range will be appropriate.

In The Straits Times’ The Big Story, Assistant video Editor Olivia Quay spoke to Selena Ling, chief economist and head of treasury research and strategy at OCBC Bank to find out how this move might have an impact on Singapore’s interest rates.

The US Federal Reserve raised interest rates by a quarter percentage point and signaled hikes at all six remaining meetings this year, launching an aggressive campaign to tackle the fastest inflation in four decades even as risks to economic growth mount.
The hike is likely the first of several to come this year, as the Fed said it &ldquo;anticipates that ongoing increases in the target range will be appropriate.
In The Straits Times&rsquo; The Big Story, Assistant video Editor Olivia Quay spoke to Selena Ling, chief economist and head of treasury research and strategy at OCBC Bank to find out how this move might have an impact on Singapore&rsquo;s interest rates.

Your Way Home with Hongbin Jeong is your 4–8pm drive companion.

Your Way Home with Hongbin Jeong is your 4–8pm drive companion, guiding you through the day’s biggest headlines, trending conversations and the issues shaping Singapore and the world.

From news and current affairs to lifestyle insights and generational perspectives, the show helps you make sense of what’s happening — with clarity, context and a touch of personality.

Whether you’re catching up after a long day or tuning in on the move, Your Way Home keeps you informed, engaged and connected — all the way home.

And she closes the day with a song that says it all.

Your Way Home with Hongbin Jeong is your 4&ndash;8pm drive companion, guiding you through the day&rsquo;s biggest headlines, trending conversations and the issues shaping Singapore and the world.
From news and current affairs to lifestyle insights and generational perspectives, the show helps you make sense of what&rsquo;s happening &mdash; with clarity, context and a touch of personality.
Whether you&rsquo;re catching up after a long day or tuning in on the move, Your Way Home keeps you informed, engaged and connected &mdash; all the way home.
And she closes the day with a song that says it all.