New Jersey lawmakers say state push to delay energy hikes an election season gimmick
TRENTON, N.J. — Republican Senators Anthony Bucco and Michael Testa slammed the New Jersey Board of Public Utilities (BPU) on Wednesday over its latest move allowing utility companies to propose deferred rate…
New Jersey Lawmakers Seek to Cap Electric and Gas Hikes at 2% Annually Amid Huge Spikes
Trenton, NJ – As New Jersey residents grapple with escalating electric and gas bills, a new legislative proposal, Bill A5446, has emerged in the 2024-2025 session to curb the financial strain on…
New Jersey Dems Continue Blaming Republicans for Double Digit Energy Price Hikes
TRENTON, N.J. — Senate Republican Leader Anthony M. Bucco accused New Jersey Democrats of deflecting blame for rising energy costs, arguing that their policies have driven up prices and jeopardized reliability. Bucco’s…
Murphy’s budget includes over $1 billion in tax hikes, Republican lawmaker warns
TRENTON, N.J. — Gov. Phil Murphy’s proposed budget would raise taxes by more than $1 billion, according to calculations by Assembly Budget Committee member Brian Rumpf, who criticized the plan as making…
‘He Has The Political Mandate’: Companies Scramble To Respond To Trump’s ‘Beautiful’ Tariff Hikes
Companies are scrambling to respond to President-elect Donald Trump’s “beautiful” tariff proposals that his administration may seek to enact early in his second term. Proactive steps that companies are taking to evade…
Rally Against New Jersey Transit Fare Hikes, Service Troubles Planned in Newark
Transit Riders to Rally Against NJ Transit Fare Hikes Newark, NJ — In response to impending fare hikes, transit riders will rally outside NJ Transit headquarters, urging Governor Murphy to halt the…
New Jersey Train Fare Hikes Increase Mass Transit Cost by 15%
TRENTON, NJ – Mass transit services in New Jersey are running out of money. Mass transit, one of the cornerstones of Governor Murphy’s green energy agenda is about to get more expensive…
New Jersey Law Helps Low Income Families Cope with Green Energy Price Hikes
Trenton, NJ – The Senate Environment and Energy Committee has taken a decisive step toward environmental justice and energy affordability for low-income and historically marginalized communities in New Jersey. Sponsored by Senator…
Central banks navigate tricky path from rate hikes to cuts
LONDON (Reuters) – Major central banks have likely come to the end of what has been the most aggressive tightening cycle in decades, but some are pushing back against market expectations for…
Swiss central bank chief says further rate hikes not necessary – paper
ZURICH (Reuters) – Further interest rate hikes from the Swiss National Bank are not needed given the bank’s latest inflation forecasts, SNB Chairman Thomas Jordan told Swiss newspaper Aargauer Zeitung in an…
Japan’s northern Aomori prefecture offers early sign of broadening wage hikes
By Leika Kihara TOKYO (Reuters) – Japanese policymakers searching for clues on whether wage hikes will become widespread may find relief in a central bank survey in the northern prefecture of Aomori,…
BOJ to go slow in rate hikes after ending negative rate, says ex-central bank official
By Leika Kihara TOKYO (Reuters) – The Bank of Japan may end negative interest rates in April but will likely go slow in any further steps towards normalising ultra-loose monetary policy, the…
UK borrowers increase demand for loans despite rate hikes
LONDON (Reuters) – Net borrowing by British consumers was the highest in nearly seven years in November and lenders approved the most mortgages since June, according to Bank of England data that…
Bank Indonesia likely done with hikes, first cut in Q3 2024: Reuters poll
By Anant Chandak BENGALURU (Reuters) – Bank Indonesia will maintain its key policy rate for a second month on Thursday as inflation is within its target range and the rupiah has stabilised,…
Philippine central bank done with rate hikes; first cut seen in Q3 2024, same as Fed
By Anant Chandak BENGALURU (Reuters) – The Philippine central bank will leave its key interest rate unchanged at 6.50% for a second time on Thursday thanks to cooling inflation and an improving…
Fonterra hikes 2024 earnings, milk price outlook on strong demand
(Reuters) – New Zealand’s Fonterra Co-operative on Thursday increased its fiscal 2024 earnings and farmgate milk price forecasts, citing strengthening demand for reference commodity products from key importing regions. The company hiked…
Global rate hike cycle peters out in November, EM cuts outstrip hikes
By Karin Strohecker and Sumanta Sen LONDON (Reuters) – The global monetary tightening cycle was in its last throes in November, with major developed central banks delivering just one increase and the…
Russian business braces for more tax hikes, seeks predictability – lobby chief
MOSCOW (Reuters) – Russian businesses accept that another round of tax hikes is inevitable as the government seeks to rein in a ballooning budget deficit but they want more predictable fiscal policies,…
UAW members ratify Ford contract offering record pay hikes
United Auto Workers (UAW) members at Ford Motor have voted in favor of a tentative labor deal, the union’s vote tracker showed on Friday, locking in a contract that offers record pay…
3% New Jersey Toll Hikes on The Agenda in December
NEWARK, NJ — The Port Authority and the South Jersey Transportation Authority have proposed budget plans for the upcoming year, which include potential toll increases. Drivers crossing the Hudson via Port Authority…
Retail traders cash out as market rallies on bets of end to rate hikes
By Medha Singh (Reuters) – U.S. retail traders rushed to lock in gains from a share rally sparked by signs of cooling inflation, looking to recoup losses in their portfolios from a…
Japan’s Kishida wants businesses to make higher wage hikes next year
TOKYO (Reuters) – Japanese Prime Minister Fumio Kishida on Wednesday asked business leaders to raise wages in next year’s spring labour negotiations to a level higher than this year’s against the backdrop…
SNB’s Jordan does not rule out further rate hikes
ZURICH (Reuters) – The Chairman of Switzerland’s National Bank on Tuesday said the central bank was not ruling out further rate hikes. “If we see that the current monetary policy is not…
Marketmind: Australia hikes but tempers its outlook
A look at the day ahead in European and global markets from Tom Westbrook: Bond markets have curbed a little of last week’s enthusiasm about a prospective peak in global interest rates,…
Fed’s Neel Kashkari not convinced rate hikes are over -WSJ
(Reuters) – Minneapolis Federal Reserve Bank President Neel Kashkari said he would err on the side of overtightening monetary policy rather than not doing enough to bring inflation down to the central…
After aggressive rate hikes, big central banks take time out
LONDON (Reuters) – After almost two years of aggressive monetary tightening, the world’s biggest central banks are taking time out before weighing up their next move. The Bank of England on Thursday…
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