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…
Rate hike, intervention can’t reverse weak yen, says former Japan currency diplomat
By Leika Kihara and Yoshifumi Takemoto TOKYO – Tightening monetary policy or intervening in the currency market will do little to reverse unwelcome yen declines that inflate already rising fuel and raw…
Gold steady as dollar dip counters Fed rate hike expectations
By Bharat Gautam – Gold steadied on Wednesday, with a weaker dollar offsetting pressure from higher U.S. Treasury yields as investors await the first pandemic-era U.S. Federal Reserve interest rate hike. Spot…
U.S. Treasury yields push to new highs as Fed looks set to hike rates
LONDON – U.S five and 10-year Treasury yields rose to their highest levels in almost three years on Tuesday, ahead of a widely-anticipated rate hike from the Federal Reserve. Five-year Treasury yields…
Gold slides on Russia-Ukraine talks, U.S. rate hike bets
By Bharat Gautam – Gold extended its slide on Tuesday as ceasefire talks between Russia and Ukraine reduced demand for safe-haven assets, while bets that the U.S. Federal Reserve may raise interest…
Gold slides on Russia-Ukraine talks, U.S. rate hike bets
By Bharat Gautam – Gold extended its slide on Tuesday as ceasefire talks between Russia and Ukraine reduced demand for safe-haven assets, while bets that the U.S. Federal Reserve may raise interest…
Joe Biden, White House Begin to Blame All Failures on “Putin Price Hike”
TRENTON, NJ – With gas prices soaring at the pump across New Jersey, you might be wondering why? The same goes with food, energy costs and the rising rate of inflation across…
High risk of half-percentage-point Fed rate hike in 2022, economists say
By Prerana Bhat and Indradip Ghosh BENGALURU – There is a high risk the Federal Reserve will raise interest rates by half a percentage point sometime this year, according to economists polled…
ECB policymakers saw rate hike drawing closer in February
FRANKFURT – European Central Bank policymakers meeting last month agreed that the first interest rate hike in more than a decade was drawing closer as inflation showed signs of taking hold, the…
Bank of Canada seen set to hike for first time since 2018
By Julie Gordon OTTAWA – The Bank of Canada is poised to hike its key overnight interest rate for the first time in three years on Wednesday, kicking off a string of…
Toms River Mayor Hill Mo Hill Now Says Seniors Can Talk to Town About 50% Property Tax Hike
TOMS RIVER, NJ – Since finding out their property taxes were rising as much as 50%, residents of Toms River’s Holiday City Silverton had no recourse with local officials. Toms River Mayor…
Russia’s VTB to hike mortgage rates by four percentage points to 15.3%
MOSCOW – Russia’s No. 2 lender VTB will hike mortgage rates by four percentgae points to 15.3% from Feb. 28, it said on Sunday, with harsh new Western sanctions forcing the bank…
RBA interest rate hike now likely in Q3, to end year at 0.50%: Reuters poll
By Vivek Mishra BENGALURU – Australia’s central bank will raise interest rates for the first time in over a decade in the third quarter, slightly earlier than thought a month ago, according…
Bank of Canada March interest rate hike a done deal, say economists: Reuters poll
By Shrutee Sarkar BENGALURU – The Bank of Canada will raise interest rates by 25 basis points on March 2, earlier than previously thought and ahead of the U.S. Federal Reserve, according…
BoE’s Bailey speaks to lawmakers about rate hike decision
LONDON – Bank of England Governor Andrew Bailey and other top officials from the British central bank spoke to lawmakers on Wednesday about their decision earlier this month to raise interest rates…
Marketmind: Another rate hike from New Zealand
A look at the day ahead in markets from Dhara Ranasinghe. The Ukraine crisis may be tempering the most aggressive rate hike bets but New Zealand’s latest interest rate rise suggests central…
Fed’s Bowman: too soon to tell if half percentage point rate hike needed in March
– It is too early to know if the Federal Reserve will need to start its tightening cycle at its next policy meeting in March with a half percentage point rate rise,…
Morgan Stanley expects Fed to hike rates 6 times in 2022
– Morgan Stanley expects the U.S. Federal Reserve to raise interest rates six times this year for a total of 150 basis points, a faster increase than previously predicted, according to a…
Emerging markets better equipped to deal with Fed rate hike cycle – S&P
LONDON – Financing conditions have tightened for emerging markets both domestically and externally but they are better prepared to handle the U.S. Federal Reserve’s upcoming monetary tightening policy cycle, ratings agency S&P…
Burger King pulls Whopper off discount menu; parent RBI to hike prices
By Deborah Mary Sophia and Hilary Russ -Burger King parent Restaurant Brands International Inc said on Tuesday that it stripped its most famous sandwich, the Whopper, from discount menus and will raise…
McGuckin, Hill said Toms River can’t help seniors after 50% property tax hike
TOMS RIVER, NJ – Toms River Mayor Maurice “Mo” Hill and Township Attorney Gregory P. McGuckin both said it’s against the law for the township to intervene after a reassessment company’s decision…
Goldman ups Fed hike forecast to 7 rate increases in 2022 after CPI data
HONG KONG -Goldman Sachs said it expects seven 25 basis point interest rate rises from the U.S. Federal Reserve this year, up from its previous forecast of five and updating its forecast…
Marketmind: Ready for a big bang U.S. rate hike?
A look at the day ahead in markets from Dhara Ranasinghe. An aggressive 50 basis point U.S. interest rate hike to contain inflation now appears like a no-brainer after the hottest inflation…
Analysis-Hot inflation fuels case for ‘big-bang’ Fed rate hike in March
By Ann Saphir and Lindsay Dunsmuir – Pressure increased on the Federal Reserve on Thursday to take a stronger stand against inflation after an unexpectedly large jump in U.S. consumer prices defied…
Fed’s Barkin: ‘I’d have to be convinced’ of need for half-point rate hike
By Ann Saphir -Richmond Federal Reserve Bank President Tom Barkin on Thursday said he would be “conceptually” open to raising interest rates by a bigger-than-usual half-of-a-percentage point increment, but does not see…
Fed’s loudest hawk ramps up odds for monster rate hike after hot inflation data
By Gertrude Chavez-Dreyfuss NEW YORK -Federal funds rate futures on Thursday have boosted the chances of a half percentage-point tightening by the Federal Reserve at next month’s meeting after hawkish comments from…
Breaking News
