International Markets React To Fed's Interest Rate Hike

Following the U.S. and Asia, European markets surged today after the Federal Reserve decision to raise interest rates for the first time in nearly 10 years. Not everyone, however, has a bright outlook on that decision.

Here & Now's Jeremy Hobson checks in the BBC's South American business correspondent, Daniel Gallas, who is in Sao Paolo, Brazil.

Note: This BBC interview can be heard in the Here & Now podcast or with the WBUR app.