UBS CEO Tells Paper He's Not Convinced Inflation is Under Control
The chief executive of Swiss banking giant UBS, Sergio Ermotti, is not convinced central banks have got inflation under control.
The chief executive of Swiss banking giant UBS, Sergio Ermotti, is not convinced central banks have got inflation under control.
With target of 2% Fed's decision to pause rate hikes for third month in a row shows central bank believes it's winning fight against inflation.
Even a slight push back from the Federal Reserve on interest-rate cuts could unravel the relentless stock rally since late October.
In the dynamic landscape of Wall Street where forecasts often fluctuate there is a growing consensus that inflation may be a more enduring phenomenon.
Federal Reserve is widely expected to hold interest rates steady this Wednesday during the central bank’s last policy meeting of the year.
The IRS is raising the stakes for those who underpay their taxes by ratcheting up the interest penalty that will be assessed next spring’s tax filing.
Two Federal Reserve governors in separate speeches Tuesday offered different approaches to getting inflation down.