Contrary to expectations of a double-digit increase, net profit at the maker of Dove soaps and Red Label teas climbed at a modest 8%. The operating profit margin was 23.6%, rising 40 basis points over the year-ago level.
Fed’s Jefferson urges patience on rates; Kashkari sees more hikes ahead
Federal Reserve Vice Chair Philip Jefferson stated that he sees no immediate need for further interest rate adjustments. He emphasized that future decisions would depend