The U.S central bank – Federal Reserve – on Wednesday hiked interest rates by another 75 basis points in a bid to cool down persistent inflation. The move was on expected lines as inflation continues to be high despite previous rate hikes. On September 21, the Fed increased the rate by similar percentage points.
In an exclusive conversation with CNBC-TV18, Michelle Cluver, Portfolio Strategist, Global X ETFs, tracks the U.S. Fed’s rate hike announcement and its impact on markets. Listen in.
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