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 Mester says case for half-percentage-point rate hike in March not compelling
By Jonnelle Marte -The Federal Reserve will have to move faster than it has in the past to remove accommodation and tame inflation that is well above target, but it may not…
Fed’s Mester says she doesn’t see compelling case to start with 50 bps rate hike
NEW YORK – It is time for the Federal Reserve to start removing accommodation and raising interest rates, but it is not necessary for the central bank to launch its rate hike…
Mayor Mo Hill meets with Greenbriar senior community residents after crippling property tax hike sweeps Toms River, hitting town’s elderly fix-income population
TOMS RIVER, NJ – Toms River Mayor Maurice “Mo” Hill is doing a damage control tour after a recent property tax reassessment drove taxes up for many senior citizens on fixed budgets…
Exclusive-ECB’s Kazaks says July rate hike is unlikely
By Francesco Canepa FRANKFURT – The European Central Bank could end its stimulus programme earlier than planned but it is unlikely to raise its main interest rate in July as investors are…
Student budgets may be tested by Cup Noodle price hike in Japan
(Refiling to remove a redundant full stop in paragraph 11) By Kantaro Komiya TOKYO – Student budgets in Japan may come under pressure after Cup Noodle, a cheap meal long associated with…
Fed’s Bullard does not think a half-point rate hike ‘really helps us’ -Reuters interview
– St. Louis Federal Reserve President James Bullard on Tuesday said he favors lifting rates at the U.S. central bank’s meeting in March and likely again in May, but he pushed back…
Australia’s central bank ends bond buying, in no rush to hike rates
By Wayne Cole SYDNEY – Australia’s central bank kept its cash rate at a record low of 0.1% on Tuesday and ended its A$275 billion ($194.40 billion) bond buying campaign as expected,…
Fed rate hike could be half-point if needed, says Raphael Bostic – FT
– The Federal Reserve could supersize an interest rate increase to half a percentage point if inflation remains stubbornly high, Atlanta Fed President Raphael Bostic told the Financial Times in an interview.…
Fed’s Kashkari says rate hike ‘pause’ conceivable in spring
By Ann Saphir – The Fed will likely raise rates in March to tamp down on too-high inflation, Minneapolis Fed President Neel Kashkari said on Friday, but its actions after that will…
Bank of Canada ‘no hike’ leaves housing fire burning, say market watchers
By Julie Gordon and Nichola Saminather OTTAWA – The Bank of Canada’s decision to delay a rate hike for five more weeks will add fuel to Canada’s scorching housing market as buyers…
It is what it is, Toms River Council President says after seniors hit with 40% tax hike
TOMS RIVER, NJ – Toms River Mayor Maurice Hill set the stage to raise salaries for employees in his inner circle and confidential appointments. At Monday’s meeting, Council President Kevin Geoghegan presented,…
Federal Reserve Sticks To Rate Hike Schedule, Signals End To Asset Purchase Stimulus
The Federal Reserve will keep interest rates near zero, and it will begin its rate hike in mid-March, Federal Reserve Chairman Jerome Powell said Wednesday after the central bank’s two-day meeting. The…
Bank of Canada says slack absorbed, sets stage for rate hike
OTTAWA, Jan 26 – The Bank of Canada on Wednesday said economic slack had been absorbed, setting the stage for its first rate hike since 2018, and forecast inflation would remain higher…
Meme stocks fall out of love as rate hike fears dampen speculation
By Anisha Sircar and Medha Singh – Meme stocks GameStop Corp and AMC Entertainment continued to fall out of favor for investors as fears of a faster rise in interest rates puncture…
UK education minister backs April tax hike
LONDON – Britain’s education minister Nadhim Zahawi said on Monday he still supported a tax hike due to come in from April, after a media report suggested that Prime Minister Boris Johnson’s…
8,000 Arrested, 164 Killed In Kazakhstan Protest Over Gas Price Hike
Thousands of people were arrested and over 150 were killed during the violent protests in Kazakhstan in early January in response to a sudden spike in gas prices, officials said. The situation…
New Jersey’s latest toll hike comes amid record inflation, high unemployment, pandemic, legislators say
Senator Christopher Connors, Assemblyman Brian Rumpf and Assemblywoman DiAnne Gove are calling on Trenton to end automatic toll increases that commuters and businesses can no longer afford. In May of last year Connors, Rumpf…
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