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…
ECB’s Holzmann calls for four more 50 bps rate hikes- Handelsblatt
BERLIN (Reuters) – The European Central Bank should raise interest rates by 50 basis points at each of its next four meetings as inflation is proving to be stubborn, Austrian central bank…
ECB’s Lane backs more rate hikes even as inflation eases
DUBLIN (Reuters) – The European Central Bank is likely to increase its interest rates further in the coming months to fight high inflation in the euro zone even if there are some…
S.Korea inflation slowest in 10 months, bolsters views for no more hikes
By Jihoon Lee SEOUL (Reuters) – South Korea’s consumer prices for February grew at their slowest pace in 10 months, bolstering views that the central bank is done with its current policy…
Fed’s Barkin calls for deliberate rate hikes to fight ‘exhausting’ inflation
PALO ALTO, California (Reuters) – The U.S. central bank will need further, deliberate interest rate hikes to bring inflation back down to its 2% goal, Richmond Federal Reserve Bank President Thomas Barkin…
Bank of Mexico’s Mejia says pace of rate hikes could slow down
MEXICO CITY (Reuters) – Omar Mejia, recently appointed deputy governor of Mexico’s central bank, said on Wednesday the institution could consider slowing the pace of raising its key interest rate and the…
ECB may need big rates hikes beyond March, steeper QT from July, Nagel says
FRANKFURT (Reuters) – The European Central Bank may need significant rate hikes beyond March and should accelerate the rundown of its oversized bond portfolio to fight stubbornly high inflation, Bundesbank President Joachim…
Analysis-European stocks lure global investors as rate hikes hurt U.S. more
By Shreyashi Sanyal (Reuters) – Global equity investors are finding financials-heavy European markets more alluring than their U.S. counterparts packed with expensive technology stocks in their rush for better returns amid growing signs…
With backing from business lobby, Japan PM calls for workers’ pay hikes
TOKYO (Reuters) – Japan must spread the momentum of wage growth across the country to conquer rising inflation as annual labour negotiations wrap up next month, Prime Minister Fumio Kishida said on…
Fed’s Mester says hot inflation data affirms case for more rate hikes
By Michael S. Derby NEW YORK (Reuters) – Federal Reserve Bank of Cleveland leader Loretta Mester said Friday she wasn’t surprised by the latest round of strong U.S. inflation data, which she…
Australian pallets maker Brambles hikes annual profit outlook; shares jump
By Harish Sridharan (Reuters) -Australian logistics company Brambles Ltd raised its annual earnings outlook on Friday as it offset cost pressures with product price hikes, sending its shares 7.5% higher in their…
ECB posts loss as it pays price for its own rate hikes
FRANKFURT (Reuters) -The European Central Bank made a loss last year as its own interest rate increases forced it to write down the value of some bonds and fork out billions of…
Bearish bets on Asian FX return on renewed woes over Fed rate hikes – Reuters poll
By Tejaswi Marthi (Reuters) – Investors returned to placing bearish bets on all Asian currencies shortly after on the increasing likelihood that the U.S. Federal Reserve would continue hiking rates for longer,…
Fed funds futures contracts price in further quarter-point hikes
(Reuters) – Traders of futures tied to the Federal Reserve’s policy rate on Wednesday largely stuck to the view the central bank will keep raising rates a quarter of a point at…
Biden’s Social Security Pledge Will Likely Mean Huge Middle Class Tax Hikes, Expert Warns
Biden’s Social Security Pledge Will Likely Mean Huge Middle Class Tax Hikes, Expert Warns Laurel Duggan on February 21, 2023 President Joe Biden promised to block any attempts to reduce Social Security…
South Africa’s Tiger Brands grows sales after price hikes
JOHANNESBURG (Reuters) – South Africa’s biggest food producer Tiger Brands said on Tuesday its four-month revenue to end January rose 17% year-on-year as it raised prices to manage soaring input costs. Consumer…
Struggling aerospace suppliers may not be able to support jet output hikes – survey
(Reuters) – Meeting Boeing Co and Airbus SE’s planned jet output hikes this year will not be a “slam dunk” for the aerospace supply chain, a Morgan Stanley survey of 80 suppliers…
Nestle plans price hikes after costs eat into profits
By John Revill and Richa Naidu ZURICH/LONDON (Reuters) -The world’s biggest food group Nestle will lift prices again this year, Chief Executive Mark Schneider said on Thursday, after more costly ingredients contributed…
Indonesia central bank holds rates after months of hikes, plays down need for more tightening
By Gayatri Suroyo and Fransiska Nangoy JAKARTA (Reuters) – Indonesia’s central bank kept its key interest rate unchanged on Thursday, pausing after six consecutive hikes and stressing that the current level should…
Colombia’s central bank may need more rate hikes depending on inflation -IMF
BOGOTA (Reuters) -Colombia’s central bank may need to consider additional hikes to its benchmark interest rate, depending on how inflation in Latin America’s fourth-largest economy behaves, the International Monetary Fund (IMF) said…
Fed not yet done on hikes but likely close, Harker says
(Reuters) – The Federal Reserve has not yet finished its round of interest rate hikes to reduce inflation and will have to raise them above 5% but the peak is likely near,…
Fed not yet done on hikes but likely close – Harker
(Reuters) – The Federal Reserve has not yet finished its round of interest rate hikes to reduce inflation but it is likely near, Philadelphia Fed President Patrick Harker said on Tuesday. “In…
At least two more Fed rate hikes and no cut this year, say economists
By Indradip Ghosh BENGALURU (Reuters) – The U.S. Federal Reserve will raise interest rates at least twice more in coming months, with the risk they go higher still, according to a majority…
Australia’s top central banker to face lawmaker ire over rate hikes
SYDNEY (Reuters) – Australia’s top central banker will face a grilling at parliamentary hearings this week after surprising many with a hawkish turn on interest rate hikes that are adding to already…
Fed’s Harker says small rate hikes on table, opens door to cuts next year
By Michael S. Derby NEW YORK (Reuters) – Philadelphia Federal Reserve President Patrick Harker said on Friday the surprisingly strong jobs data reported last week did not alter his view that moving…
Shoppers to face fresh price hikes as stores, suppliers pass on costs
By Richa Naidu LONDON (Reuters) – Shoppers around the world will pay even more for groceries this year than they did in 2022, according to retailers, consumer goods firms and investors, unless…
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