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…
SNB vice-chairman says further rate hikes may be needed
GENEVA (Reuters) – The Swiss National Bank may need to tighten its monetary policy further depending on how inflation develops in the country, Vice-Chairman Martin Schlegel said in an interview published on…
New Jersey Democrats Reverse Course on Toll Hikes Ahead of Elections, GOP Leaders Say
TRENTON, NJ – In a sudden reversal days before state Legislature elections, Gov. Phil Murphy and New Jersey Democrats halted a planned toll increase on the New Jersey Turnpike and Garden State…
Kimberly-Clark boosts profit target for third time as price hikes pay off
(Reuters) – Kimberly-Clark lifted its annual profit forecast for the third time this year after its quarterly profit beat estimates on Tuesday, backed by higher prices and resilient demand for personal care…
Rodrick Slams Giovine’s Past Habit of Tax Hikes As Toms River School Board Leader
TOMS RIVER, NJ – Toms River Councilman Dan Rodrick has a reputation for saying no during his time on the Toms River Council. In fact, he prides himself in saying no to…
Big U.S. banks warn capital hikes could weigh on green energy, equity products
By Pete Schroeder and Michelle Price WASHINGTON (Reuters) – Big bank executives warned a number of products and services could become uneconomical if new proposed bank capital hikes are adopted as written,…
BoE’s Pill says question of more rate hikes is ‘finely balanced’
By Balazs Koranyi MARRAKECH, Morocco (Reuters) – Bank of England Chief Economist Huw Pill said the question of whether the British central bank had done enough to see off high inflation was…
Fed’s Waller: Fed can “watch and see” if further hikes needed
By Howard Schneider (Reuters) – U.S. Federal Reserve Governor Christopher Waller on Wednesday said higher market interest rates may help the Fed slow inflation, and let the central bank “watch and see”…
Fed’s Bostic sees no more U.S. rate hikes, no recession
By Ann Saphir (Reuters) – Atlanta Federal Reserve Bank President Raphael Bostic on Tuesday said the U.S. central bank need not raise borrowing costs any further, and sees no recession ahead even…
Instant view: US job growth smashes expectations, raising prospects for rate hikes
(Reuters) – U.S. job growth surged in September, suggesting that the labor market remains strong enough for the Federal Reserve to raise interest rates this year, though wage growth is moderating. Nonfarm…
Italy’s deficit hikes could threaten its credit rating – Scope
By Sara Rossi MILAN (Reuters) – Italy’s higher budget deficits this year and next could make it ineligible for bond support under the European Central Bank’s latest scheme, which would be negative…
Japan’s Kishida vows to focus on wage hikes at union meeting
By Leika Kihara TOKYO (Reuters) – Japanese Prime Minister Fumio Kishida on Thursday stressed the need to achieve sustained, broader wage hikes to cushion the blow to households from rising living costs.…
Further ECB rate hikes can’t be ruled out, Finland’s Valimaki says
HELSINKI (Reuters) – The European Central Bank has done enough for now to combat inflation but a further increase in interest rates later on cannot be ruled out, Bank of Finland board…
Italy hikes 2023 debt issuance as public finances creak
By Sara Rossi and Valentina Consiglio MILAN/ROME (Reuters) -Italy on Friday increased its estimate for debt issuance this year due to its worsening state finances and delays in transfers from the European…
ECB not necessarily done with rate hikes: Elderson
FRANKFURT (Reuters) – Economic growth in the euro zone is more sluggish than the European Central Bank expected but the goal is to control inflation, so interest rates could still go higher,…
SNB done with rate hikes, end-2024 level a mystery: Reuters poll
By Jonathan Cable LONDON (Reuters) – The Swiss National Bank is done with interest rate hikes, according to the vast majority of economists polled by Reuters, despite mooting the prospect of further…
Thailand central bank to hold rates in Sept after seven straight hikes – Reuters poll
By Anant Chandak and Susobhan Sarkar BENGALURU (Reuters) – Thailand’s central bank will leave its key policy rate unchanged at 2.25% on Wednesday and likely through 2024, marking an end to a…
ECB policymakers warn over risk of further hikes
FRANKFURT (Reuters) -Euro zone inflation is stubbornly high with upside risks, so the European Central Bank’s next move could still be a rate increase before cuts come onto the agenda, several policymakers…
Coty boosts core sales forecast as price hikes, strong beauty demand help
(Reuters) – Coty on Wednesday raised its annual core sales forecast on the back of higher pricing and strong demand as customers splurge on its high-end and affordable cosmetics and fragrances. The…
RBA considered raise in Sept but wants more time to assess past hikes
SYDNEY, Sept 19 (Reuters) – The Reserve Bank of Australia considered a 25 basis point hike in interest rates before eventually deciding to hold the benchmark cash rate unchanged at 4.1%, the…
ECB may need until spring to conclude that no more hikes are needed: Kazimir
FRANKFURT (Reuters) – The European Central Bank’s rate hike on Thursday may have been its last for now but policymakers will need until March to be sure and further rate hikes cannot…
Polish govt hikes minimum wage as voters fret over cost of living
WARSAW (Reuters) – Poland’s minimum wage will rise by almost 18% in January, the prime minister said on Thursday, ahead of Oct. 15 elections in which the cost of living ranks high…
Data may bias Fed to more rate hikes, ex-St. Louis Fed chief says
By Michael S. Derby NEW YORK (Reuters) – Federal Reserve officials may have to revise higher forecasts of how far they’ll have to raise interest rates given the unexpected strength of the…
Crunch time after string of aggressive central bank rate hikes
LONDON (Reuters) – It is crunch time. Major central banks have confounded economists with a string of interest rate rises that, so far, have moderated inflation without causing global recession. Now comes…
ECB raises rates to record high, signals end to hikes
LONDON (Reuters) -The European Central Bank raised its key interest rate to a record peak on Thursday and signalled this will likely be its final move in a more-than year-long fight against…
Some big US bond investors say Fed hikes have peaked despite sticky inflation
By Davide Barbuscia NEW YORK (Reuters) – Some large U.S. bond investors said on Wednesday they believe the Federal Reserve has reached a peak in its interest rate hiking campaign, despite inflation…
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