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 Powell: 75 basis point rate hike not being ‘actively considered’
(Reuters) – Federal Reserve Chair Jerome Powell on Wednesday said central bank officials are not “actively” considering a rate hike of three-quarters of a percentage point at coming monetary policy meetings. “A…
U.S. rate futures price in 70% chance of 50 bps hike in June Fed meeting
(Reuters) – Futures on the federal funds rate have priced in a roughly 70% chance of another half a percentage-point tightening at next month’s meeting after the Federal Reserve lifted the rate…
Plumbing supplier Geberit to hike prices again as costs rise
By John Revill ZURICH -Geberit will raise prices again this year as it tackles “an unprecedented surge” in raw materials costs hitting the construction industry, the Swiss plumbing products maker said on…
Fed expected to step up inflation fight with big rate hike
By Ann Saphir WASHINGTON – The Federal Reserve on Wednesday is expected to raise interest rates by half of a percentage point and announce the start of reductions to its $9 trillion…
ECB may hike rates in July to combat extreme inflation -Schnabel
FRANKFURT -The European Central Bank may need to raise interest rates as soon as July to stop “extremely high” inflation from getting entrenched, ECB board member Isabel Schnabel told German newspaper Handelsblatt…
ECB’s Lane say first rate hike is no big deal, cautious on further moves
FRANKFURT -The European Central Bank’s first rate hike in over a decade is no big issue for the ECB and the question is rather how fast it should raise borrowing costs further…
Australia’s central bank enters political minefield as rate hike nears
By Wayne Cole SYDNEY – Australia’s central bank is in a bind as it contemplates its first interest rate increase in more than a decade, with its decision set to antagonise one…
Bank of Canada to consider another half-percentage-point rate hike, Macklem says
By Julie Gordon and Steve Scherer OTTAWA -The Bank of Canada will likely consider another half-percentage-point rate increase in its next policy decision, as “too-high” inflation potentially nears its peak, Governor Tiff…
Sunset Hike on the Little Pine Planes to Offers Hikers and Inside Look Into South Jersey’s Pigmy Pines
STAFFORD TOWNSHIP, NJ Join the New Jersey Department of Environmental Protection Agency on May 7 at 5 p.m. at the Warren Grove Recreation Area (WGRA) for a six mile sunset hike on…
Japan’s ex-PM Abe says ‘wrong’ for BOJ to hike rates to stem yen falls
TOKYO – Japan’s former Prime Minister Shinzo Abe said it would be “clearly wrong” for the Bank of Japan to raise interest rates to curb further declines in the yen, the Nikkei…
ECB’s Lagarde sees strong chance of a rate hike this year
WASHINGTON -The European Central Bank is likely to end its bond purchase scheme in early third quarter and raise rates before the end of the year, European Central Bank President Christine Lagarde…
Indonesia central bank may hike RRR again if inflation rises-deputy gov
JAKARTA – Indonesia’s central bank may hike its reserve requirement ratio (RRR) further if inflation starts to pick up, while the option to raise interest rates will be its last resort, its…
Fed’s Daly: Case for half-percentage-point hike in May is ‘complete’
(Reuters) – San Francisco Federal Reserve President Mary Daly on Wednesday said she believes the case for a half-percentage-point interest rate hike next month is “complete” and “solid,” with the U.S. central…
South Korea steps up inflation fight with surprise rate hike
By Cynthia Kim and Joori Roh SEOUL – South Korea’s central bank raised its benchmark rate to the highest since August 2019 on Thursday in a surprise move as it ramped up…
Argentina central bank to analyze rate hike on Wednesday -source
By Jorge Otaola BUENOS AIRES – Argentina’s central bank directors will meet on Wednesday to discuss a possible interest rate hike, a source with the bank told Reuters on Tuesday, as the…
Bank of Canada to hike rates by 50 basis points in April- Reuters poll
By Shrutee Sarkar BENGALURU – The Bank of Canada will raise its overnight interest rate by 50 basis points at its next policy meeting on April 13, according to a majority of…
Canada’s Ontario plans second minimum wage hike this year
(Reuters) – Ontario’s ruling Progressive Conservative government said on Tuesday it plans to raise the hourly minimum wage by 50 Canadian cents beginning in October, in what would be the second hike…
ECB expects to hike rates after ending bond buys in Q3: Schnabel
By Francesco Zecchini CERNOBBIO, Italy – The European Central Bank plans to raise interest rates some time after winding down its bond purchase programme in the third quarter of this year, ECB…
S&P Global ratings ups Saipem to ‘BB’ from ‘BB-‘ on planned capital hike
MILAN – S&P Global ratings said on Friday it had raised Italy’s Saipem to ‘BB’ from ‘BB-‘ on the energy services group’s 2 billion euros ($2.21 billion) capital hike planned for this…
Bank of Mexico seen raising rates in response to Fed hike, inflation-Reuters poll
MEXICO CITY – Mexico’s central bank is set to raise its benchmark interest rate this week for the seventh consecutive time, following in the footsteps of the U.S. Federal Reserve as inflation…
Philippines central bank to start tightening in Q4, earlier hike possible – Reuters poll
By Shaloo Shrivastava and Devayani Sathyan BENGALURU – The Philippines central bank will leave policy on hold at Thursday’s meeting to support a nascent recovery, despite a recent U.S. Federal Reserve rate…
U.S. rate futures raise odds for hefty rate hike in May after Powell comments
NEW YORK – Federal funds rate futures on Monday raised the chances of a half percentage-point tightening by the Federal Reserve at the next policy meeting in May, after hawkish comments from…
ECB should keep 2022 rate hike on agenda, if inflation warrants it -Nagel
FRANKFURT – The European Central Bank should continue to normalize policy and raise interest rates, possibly as soon as this year, if the inflation outlook warrants it, Bundesbank President Joachim Nagel said…
Lyft ties up with Payfare to hike fuel cashback in bid to retain drivers
– Lyft Inc’s Lyft Direct cardholders will receive an increase in cashback rewards of 4% to 5% on purchase of gasoline until June 30, the ride-hailing firm said on Monday, its latest…
Investors rein in rate hike bets after BoE softens message
By David Milliken LONDON -Investors scaled back their expectations for future Bank of England interest rate rises this year, sending British bond prices sharply higher, after the BoE hiked again on Thursday…
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