New Jersey unions slam Murphy’s 37 percent healthcare hike, demand emergency legislative return
TRENTON — A coalition of more than a dozen public sector unions representing over 140,000 New Jersey workers is pushing back against Governor Phil Murphy’s proposed 37% increase in healthcare costs for…
State Farm notifies New Jersey policyholders of potential 147 percent rate hike
TRENTON, N.J. — State Farm Insurance has notified policyholders in New Jersey of a potential overall rate increase of up to 147% for its Personal Liability Umbrella Program, according to a formal…
New Jersey about to get hit with 20% energy rate hike, here’s what you can do
NEWARK, N.J. — Public Service Electric and Gas Company (PSE&G) has amended its May 7 filing with the New Jersey Board of Public Utilities (BPU) to provide additional short-term relief for customers…
Jackson school board slams brakes on 28% tax hike, defies state mandate in fiery showdown
JACKSON, N.J. — The Jackson Board of Education last Thursday unanimously rejected a proposal from the New Jersey Commissioner of Education that would have allowed a 28% school tax increase—blasting the plan…
Jackson Township Council Opposes JCP&L’s Proposed 17-20% Summer Electricity Rate Hike
JACKSON TOWNSHIP, NJ – The Jackson Township Council is voicing strong opposition to Jersey Central Power & Light’s (JCP&L) proposed 17-20% electricity rate increase set to take effect in the summer of…
Toms River fire commissioner candidates oppose tax hike raise concerns over future department direction
TOMS RIVER, N.J. — Fire commissioner candidates Rick Tutela and Michael Hopson are campaigning on a platform of maintaining stable fire taxes and supporting volunteer firefighters while opposing what they describe as…
Bernie Sanders Calls for 100% Income Tax Hike, 25% National Tax
WASHINGTON, DC — U.S. Senator Bernie Sanders wants America to adopt a financial system equal to the country of Denmark where citizens pay 55.9% income tax and a 25% national sales tax.…
NJ Transit Criticized by Mike Testa Amid Calls for Audit and Fare Hike Concerns
TRENTON, NJ—New Jersey State Senator Mike Testa took to Twitter to voice his strong dissatisfaction with the current state of NJ Transit, urging the Biden Administration to address what he referred to…
Fed’s Kashkari sees another rate hike, then a hold
By Ann Saphir (Reuters) -Minneapolis Federal Reserve Bank President Neel Kashkari said on Monday that given the surprising resilience of the U.S. economy, the Fed probably needs to raise borrowing rates further…
Fed’s Logan: can skip Sept rate hike, but ‘there is work left to do’
(Reuters) – Dallas Federal Reserve Bank President Lorie Logan on Thursday said that while it “could be appropriate” to skip an interest-rate increase at the U.S. central bank’s upcoming meeting, more policy…
Analysis-After Turkey’s giant rate hike, foreign investors mull return
By Nevzat Devranoglu and Karin Strohecker ANKARA/LONDON (Reuters) – Turkey’s latest massive interest rate hike has caught the attention of long-sceptical foreign investors who say they could return to Turkish assets if…
Fed’s Mester sees another rate hike, says rate cuts may have to wait
By Ann Saphir and Howard Schneider JACKSON HOLE, WYOMING (Reuters) – Beating inflation will probably require one more U.S. interest-rate hike and then going on hold for “a while,” Cleveland Federal Reserve…
Analysis-After Turkey’s giant rate hike, foreign investors mull return
By Nevzat Devranoglu and Karin Strohecker ANKARA/LONDON (Reuters) – Turkey’s latest massive interest rate hike has caught the attention of long-sceptical foreign investors who say they could return to Turkish assets if…
Fed’s Waller sees a rate ‘hike’ or a ‘skip’ in June, but no ‘stop’
Federal Reserve Governor Christopher Waller on Wednesday said he is concerned about the lack of progress on inflation, and while skipping an interest rate hike at the U.S. central bank’s meeting next…
Fed tilts toward rate hike, with a possible pause in view as lending slows
By Howard Schneider WASHINGTON (Reuters) – U.S. Federal Reserve officials remain set to raise interest rates at their May 2-3 meeting but key data between now and then, particularly a survey of…
Marketmind: Leaning back to Fed hike, UK inflation jolt
A look at the day ahead in U.S. and global markets from Mike Dolan A semblance of banking calm has allowed markets to pick a lane and bet one last U.S. interest…
Factbox-Hold or hike? Latin American central banks’ wield rates to battle rising prices
MEXICO CITY (Reuters) – A stubborn surge of inflation has caused central banks worldwide to adapt monetary policy to protect people and businesses from price increases, with many raising interest rates in…
Taiwan central bank debated larger rate hike, minutes show
TAIPEI (Reuters) – Taiwan’s central bank debated a larger interest rate hike at its last board meeting in December, with one board member saying the bank had been too optimistic about inflation…
Biden Admin To Hike Fees On Legal Immigrants To Fund Processing Of Illegal Migrants Who Claim Asylum
Biden Admin To Hike Fees On Legal Immigrants To Fund Processing Of Illegal Migrants Who Claim Asylum Jennie Taer on January 4, 2023 The Biden administration will increase the costs for legal…
BOJ must eye rate hike, shift to more flexible policy, says ex-deputy governor
By Leika Kihara TOKYO (Reuters) – The Bank of Japan (BOJ) must make its monetary policy framework more flexible and stand ready to raise its long-term interest rate target next year if…
Colombia’s central bank set for December rate hike, under pressure for more: Reuters poll
By Nelson Bocanegra BOGOTA (Reuters) – Colombia’s central bank is set to raise its key interest rate this week at its final meeting of the year and will be under pressure for…
ECB to go big again on Oct. 27 with 75 bps rate hike: Reuters poll
By Jonathan Cable LONDON (Reuters) – The European Central Bank will go for another jumbo 75 basis point increase to its deposit and refinancing rates when it meets on Oct. 27 as…
ECB needs big Oct rate hike; should hit neutral rate this year, Rehn says
By Balazs Koranyi and Anne Kauranen HELSINKI (Reuters) – The European Central Bank must continue to raise interest rates quickly to tame inflation and could reach a level that no longer stimulates…
Fed set for another 75-basis-point rate hike; early pivot unlikely: Reuters poll
By Prerana Bhat and Indradip Ghosh BENGALURU (Reuters) – The Federal Reserve will deliver another 75-basis-point interest rate hike next week and likely hold its policy rate steady for an extended period…
Indonesia to see higher Q3 growth even with fuel price hike, minister says
JAKARTA (Reuters) – Indonesia’s economic growth this quarter is expected to be higher than the 5.44% rate in Q2, even with a potential fuel price hike, a senior cabinet minister said on…
Fed’s Mester: no ‘lean’ on size of Sept rate hike, depends on inflation
By Ann Saphir and Howard Schneider JACKSON HOLE, Wyo. (Reuters) – Cleveland Federal Reserve Bank President Loretta Mester on Saturday said she would base her decision on whether to back a third…
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