SBS On the Money: Why US rate rise means higher Australian rates and lower dollar

The US Federal Reserve lifted official interest rates there by 75 basis points to 3.25% but suggested rates will have to rise higher than expected to curb surging inflation. Marcus Megalokonomos speaks with Shane Oliver from AMP Capital to find out why and what this means for Australia, while SBS Finance Editor Ricardo Gonçalves talks with David Bassanese from Betashares who expects the Australian dollar to fall to US62c as a result.