The US Fed, as expected, pushed interest rates to the highest level in almost 15 years, raising its key rate by another 75 basis points. Fed chair Jerome Powell says the rate rises were necessary to slow demand, easing the pressures putting up prices and avoiding long-term damage to the economy. But he warns more pain is yet to come. On Money in the Market, Taimur Baig, Chief Economist at DBS, joins us to explain further what this mean for markets in the region and what we can infer from Jerome Powell's speech. 

 

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