The US Federal Reserve has raised interest rates.

23 March 2023. Jay Powell announced the decision to raise rates by 25 basis points and the UAE Central Bank immediately followed suit; the base lending rate here is now 4.9%. We spoke to investment expert Keith Fitzgerald in Seattle to ask what he made of this decision and Ed Bell of Emirates NBD about what this means for us in the UAE. Plus, what does this mean for the property market in the UAE? We ask John Lyons of Espace Real Estate. And, we talk about the rise in demand of luxury commodities with Massimo Vidoni, The Truffleman of Dubai, Importer and supplier of top fresh Truffle & Caviars, Founder of ITALTOUCH. See omnystudio.com/listener for privacy information.