The US Federal Reserve Bank in a widely expected decision, has raised interest rates by 25bps. But its projections for further rates increases, economic growth and inflation were lower than expected. US treasury bond yields and the US dollar have tumbled and there has been a big reaction in emerging markets. On the mainland, Chinese Premier Li Keqiang says “We don’t want to see a trade war.” However, he warned that American companies would suffer most from a trade war between the US and China. But he added that he was optimistic about US-China relations.
Joining Money Talk this morning are Enzio von Pfeil of Private Capital, Andrew Colllier from Orient Capital Research and on the phone from Washington D.C., RTHK’s international economics correspondent Barry Wood.(8am-8.30am, email to firstname.lastname@example.org, text to 63 93 59 25,