Article3 November 2022

Listen: Rate hikes, recession, rate cuts

In this podcast, ING's James Knightley and Padhraic Garvey discuss the US Federal Reserve's latest policy announcement and the implications for the economy and markets

After four 75bp rate hikes, the US Federal Reserve has signalled a slower pace of tightening ahead. But Chair Jerome Powell also warned that it is "very premature" to consider a pause and that rates may need to stay higher for longer, as the Fed battles to contain inflation near a 40-year high. In this podcast, ING's Chief International Economist, James Knightley, and Regional Head of Americas, Padhraic Garvey, tell Senior Editor Rebecca Byrne what the announcement means for the economy and financial markets.