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Aviva Investors agrees outsourcing deal with BNY Mellon

Aviva Investors has agreed a deal to outsource data and back office functions to BNY Mellon, the two companies said on Tuesday, as the investment division of the British insurer looks to bolster its services to clients and cut costs.

UPDATE 1-Fed's Evans sees interest rates peaking at 4.50-4.75%

The U.S. Federal Reserve will need to raise interest rates to a range between 4.50% and 4.75%, Chicago Fed President Charles Evans said on Tuesday, a more aggressive stance than he has previously embraced that underscores the central bank's hardening resolve to quash excessively high inflation.

Fed's Evans sees interest rates at 4.25-4.5% by year end

The U.S. Federal Reserve will need to raise interest rates by at least another percentage point this year, Chicago Fed President Charles Evans said on Tuesday, a more aggressive stance than he has previously embraced that underscores the central bank's hardening resolve to quash too-high inflation.

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