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…
Fed’s George feared 75-basis-point rate hike added to ‘policy uncertainty’
(Reuters) – Kansas City Federal Reserve President Esther George on Friday said she dissented against the U.S. central bank’s three-quarters-of-a-percentage-point interest rate increase this week because she “viewed that move as adding…
HSBC leaves best lending rate unchanged at 5% despite central bank hike
HONG KONG – HSBC Holdings said on Thursday it will leave its best lending rate unchanged in Hong Kong at 5% despite the city’s central bank raising the base rate. The Hong…
Fed door open to 0.75% hike after inflation data, market moves
By Howard Schneider WASHINGTON – Eroding inflation data and fast-changing views in financial markets on Monday have opened the door to a larger-than-expected three-quarter-percentage point interest rate increase when Federal Reserve officials…
Czech central banker Benda: 50, even 75 bps hike may not be enough this month – paper
PRAGUE – The Czech central bank needs to raise interest rates significantly again when its board meets on June 22 and even a 75 basis-point increase may not be enough, board member…
Mexico annual inflation rate near 21-year high, rate hike seen
By Gabriel Araujo and Jackie Botts MEXICO CITY – Mexican inflation rose faster than expected in May, data from the INEGI national statistics agency showed on Thursday, prompting bets the Bank of…
Australian lenders lift variable mortgage rates after RBA hike
(Reuters) – Australia’s major lenders raised their home loan variable interest rates on Wednesday by 50 basis points per annum, a day after the central bank surprised markets with its hawkish tone.…
All of Poland’s MPC members backed 75 bps hike in March- voting records
WARSAW – All nine members of Poland’s Monetary Policy Council (MPC) present at its March rate-setting meeting voted in favour of a 75 basis point hike, voting records showed on Tuesday. In…
Investment banks ramp up ECB rate hike forecasts
(Reuters) – BofA Securities now expects the European Central Bank to hike interest rates by 150 basis points this year including 50 bps moves in July and September, it said in a…
Australia’s new PM backs wage hike to ease inflation pain
SYDNEY -Australia’s new centre-left Labor government on Friday proposed raising the minimum wage to ease the financial burden on families hit by soaring energy prices and a spike in consumer price inflation.…
Newsom-Backed Racial Reparations Report Calls For Minimum Wage Hike Amid Record Inflation
Newsom-Backed Racial Reparations Report Calls For Minimum Wage Hike Amid Record Inflation Gabe Kaminsky on June 2, 2022 A report released Wednesday approved by Democratic California Gov. Gavin Newsom is demanding a…
Fed policymakers: September rate hike a question of how big, not if
(Reuters) – The Federal Reserve is likely to continue tightening monetary policy beyond the half percentage point interest rate hikes expected at each of its next two meetings, two policymakers signaled on…
Deutsche Bank sees a 50 bps ECB rate hike by September
MILAN – Deutsche Bank economists have ramped up expectations over European Central Bank policy tightening and now expect one of the two interest rate hikes in the third quarter to be a…
Bank of Canada 50-basis-point June 1 hike a done deal, economists say: Reuters poll
By Shrutee Sarkar BENGALURU – The Bank of Canada will hike its overnight rate by 50 basis points on June 1, according to all 30 economists polled by Reuters, who see interest…
Money markets price in 50-50 chance of 50 bps July ECB hike
By Yoruk Bahceli (Reuters) – Euro zone money markets on Friday ramped up their bets on a 50 basis-point interest rate hike from the European Central Bank in July that would bring…
New Zealand central bank to hike cash rate by another half point on May 25: Reuters poll
By Vivek Mishra BENGALURU – New Zealand’s central bank will hike its policy interest rate by half a percentage point to counter soaring inflation when it meets on May 25, making a…
Czech central bank’s Nidetzky: June rate hike coming -Seznam Zpravy
PRAGUE – The Czech central bank is likely to deliver another interest rate hike in June as long as nothing economically significant happens before then, although to what extent will depend on…
Bank of Israel to hike rates 1/4-point next week as inflation hits 4%
By Steven Scheer JERUSALEM -The Bank of Israel will likely raise short-term interest rates by a quarter-point next week to rein in rising inflation, partly caused by low unemployment and strong economic…
ECB to hike deposit rate 25 bps in July, ditch negative rates by end-September: Reuters poll
By Swathi Nair BENGALURU – The European Central Bank is expected to raise the deposit rate for the first time in over a decade in July and bring it out of negative…
European stocks fall as rate hike worries seep back in
By Sruthi Shankar (Reuters) -European stocks slumped on Thursday, with most cyclical parts of the market coming back down, a day after U.S. inflation data fuelled worries about the impact of rising…
Argentina accelerates hike in minimum wage
(Reuters) – Argentina will increase its monthly minimum wage to 45,540 pesos ($389.46) in June and to 47,850 pesos in August, the Ministry of Economy said on Tuesday. “The increases in (minimum…
ARK’s Wood sees global recession, blames market selloff on Fed hike plan
By David Randall NEW YORK – The global economy is in recession and recent stock market volatility is a sign investors believe that the Federal Reserve’s plan to continue hiking interest rates…
Steelmaker JFE seeks product price hike of $230/T amid soaring material costs
TOKYO -Japan’s No.2 steelmaker, JFE Holdings Inc, is seeking to raise product prices by 30,000 yen ($230) a tonne in the April-June quarter or next to reflect soaring costs of raw materials…
U.S. rate futures price in 75% chance of 75 bps Fed hike in June
By Gertrude Chavez-Dreyfuss NEW YORK – Futures on the federal funds rate priced in on Thursday a roughly 75% chance of a three quarters of a percentage point tightening by the Federal…
Economists expect higher rate hikes after RBI’s hike to tame inflation
By Manoj Kumar and Aftab Ahmed NEW DELHI – India’s central bank is expected to frontload more aggressive interest rate hikes in its effort to tame high inflation, at least until its…
Norway keeps rates on hold, remains on track for June hike
By Victoria Klesty and Gwladys Fouche OSLO – Norway’s central bank kept interest rates on hold on Thursday as widely expected and restated its plan to raise the cost of borrowing in…
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