As widely expected, the US Federal Reserve raised interest rates by 25 basis points to further fight inflation, bringing an end to a brief pause to rate hikes last month.

The change brings borrowing costs to a 22-year high range of 5.25 percent to 5.5 percent. 

While this hike was largely expected, markets had been hoping this would be the last hike for the year. 

So did Jerome Powell signal that there will no longer be any more rate hikes? 

To find out more, on Money in the Market, Hongbin Jeong speaks to Sani Hamid, Director for Wealth Management, Financial Alliance.

 

Highlights:

01:16 - What does the 25 basis point hike mean for the US economy?
02:12 - Was Jerome Powell's speech dovish or hawkish?
04:26 - Was this the last rate hike?
10:00 - Going forward can we expect more or less volatility in markets?
11:26 - How should investors then allocate their assets post-US Fed decision?

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