US Federal Reserve hikes interest rates by 25 basis points, its 10th increase in the last 14 months. At 5-5.25% interest rates are now at a 16-year high in the US. But the central bank has warmed up to a possible pause in its June policy. Chairman Jerome Powell has ruled out any rate cut for now as he believes that there is a long way to go before inflation comes down. Watch this chat between Nandita Khemka & Santosh Nair on what the Fed’s comments on future rate path means for the markets going forward.
first published: May 4, 2023 11:00 am
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