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Bloomberg Wall Street Week - June 16, 2023

Wall Street Week

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The Fed Meeting and the Press Conference

Less than a day after the Fed left borrowing costs unchanged, the European Central Bank raised its deposit rate to the highest in more than two decades. Investors are betting that after 4 percentage points worth of hikes, the ECB along with other major central banks, they're finally at the final stages in their onslaught against the global inflation shock. UBS completing the government broker takeover of its story Swiss rival credit Swiss, it's the biggest global banking merger since the 2008 financial crisis. And time finally may be up for Chris Manotti as ODI asset management now hiving off its funds and employees amid sexual assault allegations.

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