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…
J.P.Morgan expects no further Fed interest rate hikes this cycle
(Reuters) – J.P.Morgan Asset Management said on Wednesday it expects no further interest rate hikes from the U.S. Federal Reserve in this cycle, after crucial inflation data appeared to remain on its…
Adobe rolls out AI features, plans for price hikes and payouts
By Stephen Nellis (Reuters) – After months of testing, Adobe on Wednesday opened up access to a range of generative artificial intelligence features across its software, with plans to raise prices but…
Traders keep view the Fed is probably done with rate hikes
(Reuters) – Futures contracts that settle to the Federal Reserve’s policy rate on Wednesday reflected growing confidence that the U.S. central bank probably will not increase borrowing costs any further, even after…
Turkey hikes year-end inflation forecast to 65%
ANKARA (Reuters) – Turkey’s government raised its annual inflation forecast to 65% for this year and 33% next year, while also trimming economic growth forecasts to 4.4% this year and 4% next…
Full impact of Fed hikes still to be seen in real economy, ex-vice chair Blinder says
By Lisa Pauline Mattackal (Reuters) – The full impact of the U.S. Federal Reserve’s interest rate hikes that began in March 2022 has still not been completely transmitted to the real economy,…
Euro zone lending growth slows further as rate hikes bite
BERLIN (Reuters) – Growth in lending to euro zone companies slowed again in July, adding to already mounting evidence that sharply higher interest rates are putting a brake on credit creation and…
Powell Signals More Rate Hikes Could Be On The Horizon
Powell Signals More Rate Hikes Could Be On The Horizon Will Kessler on August 25, 2023 Federal Reserve Chair Jerome Powell raised the possibility of more interest rate hikes in prepared remarks…
France not planning household tax hikes, sources say other taxes possible
By Elizabeth Pineau PARIS (Reuters) -The French government has no plans to make households pay more taxes, Prime Minister Elisabeth Borne said on Wednesday, but other tax rises are under consideration, two…
Mortgage Rates Reach A 20-Year High Following Interest Rate Hikes
Mortgage Rates Reach A 20-Year High Following Interest Rate Hikes Will Kessler on August 17, 2023 The average 30-year fixed-rate mortgage hit a 20-year high on Thursday following interest rate hikes and…
Philippines central bank keeps rates steady, but ready to resume hikes if needed
By Neil Jerome Morales and Enrico Dela Cruz MANILA (Reuters) -The Philippine central bank left its benchmark interest rate steady at 6.25% for a third straight meeting on Thursday, saying it needed…
Instant view: Russia’s central bank hikes rates to 12% at extraordinary meeting
LONDON (Reuters) – Russia’s central bank jacked up its key interest rate by 350 basis points to 12% on Tuesday, an emergency rate move to try and halt the rouble’s recent slide…
Traders bet Fed rate hikes are over, cuts to start in 2024
By Ann Saphir (Reuters) – Federal Reserve policymakers are unlikely to raise interest rates again in 2023 and will probably start cutting them early next year, traders bet on Thursday, after a…
Interest Rate Hikes Fail To Pump The Brakes As Inflation Rises
Interest Rate Hikes Fail To Pump The Brakes As Inflation Rises Will Kessler on August 10, 2023 Inflation rose in July after steadily declining from a high of 9.1% in June 2022,…
Fed’s Bowman says more US rate hikes likely will be needed
(Reuters) – The U.S. Federal Reserve will likely need to raise interest rates further to bring down inflation, Governor Michelle Bowman said on Saturday. Bowman said she supported the Fed’s quarter-point increase…
UK house-building falls again as rate hikes bite: PMI
LONDON (Reuters) – Britain’s construction sector returned to growth in July but house-builders suffered another sharp contraction due to higher interest rates and fears about the outlook for the economy, a survey…
ECB’s Panetta backs keeping rates high over more hikes
FRANKFURT (Reuters) – European Central Bank board member Fabio Panetta made the case on Thursday for keeping the ECB’s interest rates at their current high level for longer, rather than raising them…
Canadian dollar prospects rise as analysts eye end of global rate hikes: Reuters poll
By Fergal Smith TORONTO (Reuters) – Analysts have raised their bullish forecasts on the Canadian dollar as central banks globally, including the Federal Reserve, move closer to concluding interest rate hiking campaigns,…
Asian stocks draw foreign money on hopes of US rate hikes nearing end
By Gaurav Dogra (Reuters) – Overseas investors bought Asian equities for the fourth consecutive month in July, spurred by signs that the Federal Reserve’s tightening cycle might be ending, a shift from…
Mexico’s Cemex sees slight profit on price hikes, strong peso
By Kylie Madry MEXICO CITY (Reuters) – Mexican cement maker Cemex on Thursday posted a slight rise in second-quarter net profit, on the back of double-digit price hikes and a strong peso.…
Fed Resumes Interest Rate Hikes To Highest Level Since 2001
Fed Resumes Interest Rate Hikes To Highest Level Since 2001 Will Kessler on July 26, 2023 The Federal Reserve hiked its benchmark federal funds rate by a quarter of a percentage point…
Euro zone lending slows further as rate hikes bite
FRANKFURT (Reuters) – Lending to euro zone companies slowed again last month, adding to already mounting evidence that sharply higher interest rates are putting a brake on credit creation and economic growth.…
Kimberly-Clark lifts annual forecasts on price hikes, steady demand
(Reuters) – Kimberly-Clark Corp raised its full-year sales and profit forecasts on Tuesday, as the maker of Kleenex tissues and KleenGuard benefits from price increases and resilient demand for essential products. Pandemic-induced…
Russian central bank ups 2023 GDP forecast as it hikes rates by 100 basis points
(Reuters) – Russia’s central bank raised its forecast for economic growth in 2023 even as it hiked rates by 100 basis points on Friday, now envisaging gross domestic product (GDP) growth of…
Japanese unions urge employers to continue wage hikes next year and beyond
TOKYO (Reuters) – Japan’s largest trade union confederation ‘Rengo’ urged companies on Friday to raise wages further to outpace inflation and help workers deal with rising living costs. The lobby group made…
Bolivia hikes lithium resources estimate to 23 million tons
By Daniel Ramos LA PAZ (Reuters) -Bolivia’s lithium resources are now estimated at 23 million metric tons, its president said on Thursday after government studies that further cement the South American country’s…
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