What happened?
The US Federal Reserve has raised its benchmark interest rate by another 0.25%, bringing the rate to the highest level in more than 22 years. This has led to many questions about whether the rate hike could lead to higher yield for the T-bill and an increase in the fixed deposit rates. We’ll be sharing our key takeaways from the Fed’s latest meeting, and what this would mean for us as savers and investors.What we learnt from the latest Fed meeting
#1 – Fed raises interest rates again
Earlier this week, the US Federal Reserve (Fed) raised interest rates by another 0.25% , bringing the Fed’s benchmark rate to 5.25-5.5%....
