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Podcast: The Afternoon Update with Lynlee Foo
Episode: Money in the Market: Are markets satisfied with the latest US Fed interest rate decision?
Description: The US Fed is largely sticking to its path of interest-rate cuts - for now. As widely expected, interest rates were kept unchanged at 5.25% to 5.5%. But this followed something else that went unchanged - the projection for rate cuts this year. Policymakers still see three cuts in 2024. But still questions remain when the first cut will come through. So how are markets reacting to this latest decision? On Money in the Market, Hongbin Jeong speaks to Sani Hamid, Director for Wealth Management, Financial Alliance, to find out more about what came out of the US Fed interest rate decision an...