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Podcast: The Afternoon Update with Lynlee Foo
Episode: Money in the Market: For how long will the 'higher for longer' narrative remain?
Description: The US Federal Reserve held interest rates steady overnight, as was widely expected. Fed Chair Jerome Powell made clear that the central bank is almost done raising interest rates, but his colleagues delivered the message that resonated: borrowing costs must remain higher for longer amid renewed strength in the economy. So will rates stay higher for longer? On Money in the Market, Hongbin Jeong speaks to Gary Dugan, CIO, Dalma Capital, to find out more. Highlights:01:20 - How have markets reacted to to US Fed holding rates steady?0...