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US Fed starts policy meeting with smaller rate hike likely
US Fed starts policy meeting with smaller rate hike likely
Business and Economy
by  AFP

US central bankers opened a two-day policy meeting Tuesday on rising expectations that they will slow the pace of interest rate hikes again, as inflation begins to fade. These indicators raise hopes that the policy-setting Federal Open Market Committee (FOMC) will announce a smaller, 25 basis points hike at the end of its meeting Wednesday.

After turbulent year, UBS upbeat with eye on Asia
After turbulent year, UBS upbeat with eye on Asia
Business and Economy
by  AFP

Swiss banking giant UBS voiced optimism for 2023 on Tuesday, hoping that higher interest rates and a swelling business in Asia would boost its results following a turbulent 2022. It said it expected "higher interest rates to positively affect our net interest income, especially for the Swiss franc and the euro."