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ST: The Big Story, 16 June - What investors are advised to do in the middle of the largest interest rate spike by the US Federal Reserve?
The US Federal Reserve has approved its largest interest rate increase since 1994 to slow the ongoing surge in inflation. The widely-expected move raised the target federal funds rate by 75 basis points to between 1.5% and 1.75%. Amid high inflation, rising borrowing costs and the growing risk of a recession growing, how should investors position themselves in this volatile environment? In The Straits Times’ The Big Story, Assistant video editor Olivia Quay spoke with Daryl Ho, a senior senior investment strategist at DBS Bank's chief investment office to find out. See…
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