US Fed's interest rate cut of 50 basis points 'exciting development', says Citigroup

The United States Federal Reserve's interest rate cut of 50 basis points is a very "exciting development" for global markets, Citigroup's head of wealth Andy Sieg tells CNA's Elizabeth Neo. He adds that what is going to matter going forward is less the size of each subsequent move in rates and more the direction of travel. Subscribe to our channel here: https://cna.asia/youtubesub Subscribe to our news service for must-read stories: Telegram - https://cna.asia/telegram WhatsApp - https://cna.asia/whatsapp Follow us: CNA: https://cna.asia CNA Lifestyle: http://www.cnalifestyle.com Facebook: https://www.facebook.com/channelnewsasia Instagram: https://www.instagram.com/channelnewsasia Twitter: https://www.twitter.com/channelnewsasia TikTok: https://www.tiktok.com/@channelnewsasia