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 governors see at least two more rate hikes, sources say
FRANKFURT (Reuters) – European Central Bank policymakers left Thursday’s meeting expecting at least two more rate hikes, although differences remained about their pace and final destination, two members of the ECB’s rate-setting…
ECB hikes rates, promises another 50 bps more in March
FRANKFURT (Reuters) – The European Central Bank raised interest rates for the fifth successive time on Thursday and signalled another half a percentage point increase for March, pressing ahead with policy tightening…
Fed Hikes Interest Rates To Highest Levels In 15 Years
Fed Hikes Interest Rates To Highest Levels In 15 Years John Hugh DeMastri on February 1, 2023 The Federal Reserve raised its target federal-funds interest rate by a quarter percentage point Wednesday,…
Bank of Korea board cautious on more rate hikes – Jan meeting minutes
SEOUL (Reuters) – Most Bank of Korea board members at a Jan. 13 meeting turned cautious about interest rates rises, even though a majority voted for one on that day, meeting minutes…
Fed’s words in focus as markets bet rate hikes will soon end
By Ann Saphir (Reuters) – U.S. central bankers have unambiguously telegraphed this week’s policy decision: a quarter-of-a-percentage-point increase in their benchmark interest rate, the smallest since they kicked off their tightening cycle…
Testa/O’Scanlon: You Know Murphy’s Mismanagement of SHBP Rate Hikes Is Bad When Dysfunctional Trenton Looks Smart for Jumping Ship
Sen. Michael Testa and Sen. Declan O’Scanlon said a decision by the City of Trenton to leave the State Health Benefits Plan for a private insurer to avoid a 23% increase could…
Thai central bank hikes key interest rate by 25 bps
BANGKOK (Reuters) – The following is a statement from the Bank of Thailand after it unanimously raised its key interest rate by 25 basis points to 1.50% on Wednesday, as expected by…
Fed to deliver two 25-basis-point hikes in Q1, followed by long pause: Reuters poll
By Prerana Bhat BENGALURU (Reuters) – The U.S. Federal Reserve will end its tightening cycle after a 25-basis-point hike at each of its next two policy meetings and then likely hold interest…
Citigroup hikes pay for junior bankers despite tough year – Bloomberg News
(Reuters) – Citigroup Inc is boosting compensation for most of its junior bankers by as much as 15%, Bloomberg News reported on Wednesday, highlighting the talent war on Wall Street even amid…
Citi CEO says Fed could slow interest rate hikes by early summer – CNBC
(Reuters) – Citigroup Inc Chief Executive Officer Jane Fraser said the U.S. Federal Reserve could slow rate hikes in late spring or early summer, in an interview with CNBC. After months of…
Fed seen near certain to switch to smaller rate hikes as inflation slows
(Reuters) -The Federal Reserve is now seen nearly certain to deliver just a quarter-point interest-rate hike at its next meeting and likely to ultimately stop raising rates short of 5%, after a…
Fed’s Harker ready to downshift to 25 basis-point interest rate hikes
By Michael S. Derby NEW YORK (Reuters) – Federal Reserve Bank of Philadelphia leader Patrick Harker said Thursday that while the central bank needs to raise rates more to cool off inflation,…
ECB’s Villeroy sees rate hikes at a ‘pragmatic pace’ in coming months
PARIS (Reuters) – Interest rate hikes by the European Central Bank will need to come at a “pragmatic pace” in the coming months, French ECB policymaker Francois Villeroy de Galhau said on…
December’s Strong Jobs Report Unlikely To Slow Fed’s Rate Hikes
December’s Strong Jobs Report Unlikely To Slow Fed’s Rate Hikes John Hugh DeMastri on January 6, 2023 The U.S. added 223,000 jobs in December, surpassing investor expectations by roughly 20,000 and cooling…
McDonald’s Japan hikes prices for 3rd time in 10 months on surging costs
By Rocky Swift TOKYO (Reuters) – The Japanese operator of McDonald’s restaurants announced its third price hike in less than a year on Friday in the latest sign of compounding inflationary pressures…
Fed’s George: It will be key to hold rates up once hikes end
By Michael S. Derby NEW YORK (Reuters) – Kansas City Federal Reserve leader Esther George said on Thursday that she hopes the central bank will continue its efforts to shrink its balance…
Japan’s Kishida urges companies to give wage hikes that exceed inflation
TOKYO (Reuters) – Japanese Prime Minister Fumio Kishida on Wednesday urged companies to increase wages faster than the rate of inflation. “In the past 30 years, wages did not rise much despite…
Recession, rate hikes seen jamming brakes on global 2023 earnings growth
By Caroline Valetkevitch and Joice Alves NEW YORK/LONDON (Reuters) – Corporate earnings growth is expected to slow in the year ahead in many countries as higher inflation and rising interest rates take…
Bank Indonesia seen reducing rate hikes to modest 25bps on Dec. 22- Reuters poll
By Devayani Sathyan BENGALURU (Reuters) – Cooling inflation and a more resilient rupiah currrency is expected to give Bank Indonesia enough comfort to opt for a more modest quarter-point interest rate hike…
Australia’s central bank considered pausing hikes at Dec meeting, still sees more ahead
SYDNEY, Dec 20 (Reuters) – Australia’s central bank considered leaving interest rates unchanged at its December policy meeting, citing the lagged effects of the aggressive tightening delivered so far and the benefits…
Italian economy minister says ECB rates hikes worrying for Rome
By Angelo Amante and Giuseppe Fonte ROME (Reuters) -The prospect of subsequent hikes in interest rates by the European Central Bank is worrying for highly indebted countries like Italy, its economy minister…
ECB rate hikes help Russia by damaging EU economy, Italy minister says
By Angelo Amante and Crispian Balmer ROME (Reuters) – The European Central Bank’s interest rate policy is damaging Europe’s economy and helping Russia undermine Western solidarity for Ukraine, the Italian defence minister…
ECB’s Knot says Fed is closer to end of rate hikes than ECB
AMSTERDAM (Reuters) – The European Central Bank (ECB) has a longer way to go in raising interest rates than the Federal Reserve, but ultimately won’t raise its rates to the same level…
ECB’s Centeno sees very low probability of more 75 bps rate hikes
LISBON (Reuters) -The probability of the European Central Bank returning to 75 basis-point interest rate hikes is now “very low”, ECB Governing Council member Mario Centeno said on Friday, warning of a…
Philippines central bank chief flags more rate hikes to tame inflation – Bloomberg TV
MANILA (Reuters) – The Philippines central bank will likely have to continue raising rates at its next two meetings to ensure inflation returns to within its 2-4% target range next year, its…
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