The Federal Reserve has raised its target interest rate by a quarter of a percentage point, yet policy makers have continued to promise “ongoing increases” in borrowing costs. But despite another warning that rate hikes are here to stay for longer - investors took heart from the chair’s remarks acknowledging that price pressures have started to ease. On Money in the Market, Hongbin Jeong speak to Vishnu Varathan, Head of Economics & Strategy, Asia at Mizuho Bank on how markets have reacted after this decision and what we can make of Jerome Powell’s speech. 

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