A day after top opec producer saudi arabia pledged to help stabilise the market. Overnight, the wall street major indices closed higher, the Us Central Bank has hinted it might hold steady on another Interest Rate hike as well. Federal reserve officials are embracing the higherfor Federal Reserve officials are embracing the higher for longer strategy, according to the newly released minutes from their september meeting. It shows that while officials are divided on the question of whether the Us Central Bank will hike Interest Rates again before the year is out, they all seem to think rates will remain high for some time. What the fed decides to taste the cost of borrowing in the us and has spill over for markets anywhere. Higher rates make it more expensive for americans to take out a house loan or a car loan and makes it more expensive for businesses to borrow money, which all slows growth. Meanwhile, the interest paid on Us Government bonds is moving towards its highest levels in mor