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…
Haiti hikes minimum wage by up to 54% following worker protests
PORT-AU-PRINCE – Haiti’s government on Monday hiked the minimum wage by as much as 54% following weeks of demonstrations by garment workers who say their wages are not enough to keep up…
Factbox-What global banks forecast for Fed rate hikes in 2022
– Major investment banks have penciled in a strong run of interest rate hikes for 2022 after hotter-than-expected inflation data ramped up pressure on the Federal Reserve to take a firmer stand…
Factbox-What global banks forecast for Fed rate hikes in 2022
– Major investment banks have pencilled in a strong run of interest rate hikes for 2022 after hotter-than-expected inflation data ramped up pressure on the Federal Reserve to take a firmer stand…
ECB’s Lane says no fixed size, frequency for rate hikes
FRANKFURT – The European Central Bank does not have to stick to a fixed size or frequency of interest rates hikes as these will depend on inflation, the bank’s chief economist Philip…
Colombia inflation forecast higher in 2022, faster rate hikes seen – cenbank poll
By Nelson Bocanegra BOGOTA – Inflation estimates for Colombia this year rose and predictions of interest rate rises quickened among analysts polled in a central bank survey. The 40 analysts surveyed by…
Kraft Heinz plans more price hikes as sales, earnings beat estimates
By Deborah Mary Sophia and Mehr Bedi -Kraft Heinz Co said on Wednesday it would raise the prices of its snacks and condiments further to counter soaring costs of raw materials and…
Canadian inflation hits fresh 30-year high in January, rate hikes loom
By Julie Gordon and Ismail Shakil OTTAWA -Canada’s annual inflation rate accelerated again in January to hit a fresh 30-year high at 5.1%, as food and housing costs continued to rise, official…
Fed’s Daly: Being too aggressive on rate hikes could be destabilizing
– Being too “abrupt and aggressive” with interest rate increases could be counter-productive to the Federal Reserve’s goals, San Francisco Federal Reserve Bank President Mary Daly said on Sunday, signaling she is…
Mexico central bank hikes key rate, still hawkish under new leadership
MEXICO CITY -Mexico’s central bank on Thursday raised its benchmark interest rate as expected by 50 basis points to 6.00%, a sixth straight rate increase, as policymakers sought to keep price pressures…
CME profit tops views as investors ready for rate hikes, shares hit record high
By John McCrank NEW YORK – CME Group Inc on Wednesday reported a fourth-quarter profit that topped Wall Street expectations, helped by increased usage of the futures exchange operator’s interest rate hedging…
U.S. banks outlook positive with loan growth and rate hikes in view
By Sinéad Carew – While U.S. bank stocks had a rocky start to the year, investors and analysts see accelerating loan growth and Federal Reserve interest rate hikes boosting the sector. The…
U.S. rate hikes could hit highly dollarized emerging market banks – Moody’s
By Rodrigo Campos NEW YORK – Banks in Latin America and emerging Europe are most exposed to dollarization among developing economies, making them vulnerable to weaker local currencies and increasing withdrawals in…
Fed to start rate hikes with a bang? Not likely
By Ann Saphir and Howard Schneider – Bigger-than-expected U.S. job gains last month are fueling market bets that the Federal Reserve will kick off its interest rate hikes in March with a…
From Kisses to Kleenex, consumer-product makers plot additional U.S. price hikes
By Siddharth Cavale and Uday Sampath Kumar – From Hershey to Clorox and Kleenex maker Kimberly-Clark, major consumer-products companies have announced plans to boost U.S. prices further or more broadly than previously…
Fed’s Bullard sees three successive hikes to start policy tightening
By Ann Saphir and Howard Schneider -St. Louis Federal Reserve President James Bullard on Tuesday said he favors starting the turn to tighter U.S. monetary policy with successive rate increases at the…
Fed’s Barkin says pace of U.S. rate hikes depends on inflation
By Ann Saphir – How fast and far the U.S. Federal Reserve will raise interest rates once it begins doing so in March will depend on what happens with the economy and,…
Fed’s George: aggressive balance sheet reduction may allow for fewer rate hikes
By Jonnelle Marte -The Federal Reserve can move sooner to start reducing its bond holdings than in the past and aggressive action to shrink the U.S. central bank’s portfolio could allow it…
Dutch telco KPN hikes dividend as earnings rise
AMSTERDAM -Dutch telecom company KPN announced on Monday a new share buyback program and a higher dividend over 2022, as its core profit rose on the back of growing mobile revenues. The…
Goldman Sachs expecting five rate hikes this year
NEW YORK – Goldman Sachs is forecasting that the U.S. Federal Reserve will raise interest rates five times in 2022, versus four previously, with a hike expected in March, according to a…
Bank of America says it sees seven Fed rate hikes this year
– Bank of America economists said on Friday that they expect the Federal Reserve to hike rates by 25 basis points seven times this year, beginning in March, adopting one of the…
Rate traders see risk of more than four U.S. Fed hikes this year after hawkish Powell
– Hawkish comments from Federal Reserve Chair Jerome Powell on Wednesday have led short-term interest rate traders to begin pricing for the possibility that the U.S. central bank could raise rates more…
Trump battled the Powell Fed’s rate hikes. Biden’s betting on them
By Ann Saphir – U.S. central bankers on Tuesday will open their first meeting of the year already in broad agreement that they need to raise interest rates soon, likely in March,…
Japan business lobby shrugs off calls for uniform wage hikes
TOKYO – The head of Japan’s biggest business lobby said on Tuesday that companies must determine wages depending on their own situation rather than in a uniform manner as a prolonged COVID-19…
Australian inflation surges in Q4, market bays for rate hikes
By Wayne Cole SYDNEY – Australia’s core inflation flew to its fastest annual pace since 2014 in the December quarter as fuel and housing costs led broad-based price pressures, a shock that…
Republicans in Trenton blast Murphy, Democrats over Parkway, Turnpike toll hikes
TRENTON, NJ – New Jersey Republicans today blasted a Democrat-led agenda that would essentially strip the New Jersey Division of Rate Counsel of its primary role protecting state residents from unreasonable utility…
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