Fed’s Bostic sees one particular extra quarter-level fee hike, then a maintain ‘for quite some time’

Key Points

Atlanta Federal Reserve President Raphael Bostic stated Tuesday that “1 more shift need to be more than enough for us” on desire fees.
From there, Bostic informed CNBC, he thinks the FOMC can enjoy and hold out as the lags that arrive with monetary coverage perform their way through the economy.

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Finance

Why Revolut’s journey to become a UK bank is taking so long

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Finance

UBS posts better-than-expected quarterly profit

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A logo of Swiss banking giant UBS in Zurich, on March 23, 2023. Fabrice Coffrini | Afp | Getty Images Swiss banking titan UBS on Wednesday beat expectations on the bottom line, as group invested assets soared on the back of increases in the lender’s global wealth management and corporate units. Net profitable attributable to […]

Finance

Stocks making the biggest moves after hours: Starbucks, Visa, Teladoc, LendingClub and more

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Check out the companies making headlines in extended trading: Starbucks — The coffee chain’s shares added 3% in extended trading after revenue for the fiscal third quarter came in higher than expected. Starbucks posted revenue of $9.46 billion, while LSEG consensus estimates called for $9.31 billion. Same-store sales fell for the sixth consecutive quarter, however. […]