U.S. Fed Hikes Interest Rate By 25 Bps To 4.75-5% : Peter Cardillo & Geoffrey Dennis Exclusive

The US Federal Reserve (Fed) announced on Wednesday that it raised the policy rate, federal funds rate, by 25 basis points to the range of 4.75-5% following the March policy meeting. This decision came in line with the market expectation.

In an exclusive conversation with CNBC-TV18, Peter Cardillo, Chief Market Economist, Spartan Capital Securities & Geoffrey Dennis, Emerging Markets Commentator, speak on Fed’s ninth-straight interest rate hike. Listen in.

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