Wealth Wise - U.S Fed cuts rates: what it means for the U.S and the rest of the world

The Federal Reserve has cut interest rates by a quarter of a percentage point and indicated it will steadily lower borrowing costs for the rest of this year, as policymakers responded to signs of weakness in the job market. Lance Alexander speaks with Heng Koon How, Executive Director, Head of Markets Strategy, Global Economics and Markets Research, UOB, about the move's implications on global economies.