Fed Rate Hike Odds Hit 96%: What It Means for Korean Savers
Fed rate hike odds hit 96% this week, per Cointelegraph, after Governor Waller’s speech. For Korean investors the damage is already visible: KOSPI is down 17.94% in a month even after a 4.39% jump on November 10 to 5,239.13 (Yahoo Finance). Your bank deposits are safe. What changes is the price of risk, the rate you convert won at and, over time, what you pay on a variable loan.