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Podcast: The Afternoon Update with Lynlee Foo
Episode: Money in the Market: Could this be the last rate hike from the US Fed?
Description: 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 Ham...