This chapter delves into US inflation data, a scandal surrounding KPMG, and Lloyd's Bank's risk management staff reduction, with a particular focus on how the inflation rise could impact Federal Reserve decisions.
Traders slashed bets on Federal Reserve interest rate cuts, the US audit regulator issued its biggest fine ever against KPMG, and the UK’s Lloyds Banking Group plans to cut jobs in risk management after an internal review found the function was a “blocker to our strategic transformation”.
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