REUTERS/Bryan Woolston(Reuters) - Three senior KFC executives have notified the U.S. fried chicken chain's parent company Yum Brands Inc that they will take early retirement as rising interest rates threaten to dent lump sum payouts for corporate pensions, the Wall Street Journal reported on Saturday. KFC and Yum Brands did not immediately respond to Reuters' requests for comment. "Because of these interest rates, some associates across Yum! The Federal Reserve has raised its policy rate from near-zero in March to the current range of 3.00% to 3.25% as it battles inflation. A fourth straight 75-basis-point interest rate hike is expected next month after data on Thursday showed inflation accelerating faster than expected in September.

Source: Wall Street Journal October 15, 2022 18:22 UTC