Look at what is happening around New Jersey. Homelessness is on the rise, and in the state that touts itself as the most diverse and … Read more
TRENTON, N.J. — State Farm Insurance has notified policyholders in New Jersey of a potential overall rate increase of up to 147% for its Personal … Read more
TOMS RIVER, NJ — The Ocean County Board of Commissioners introduced its $608,759,015 budget for 2025 this week, promising no increase to the county property … Read more
WASHINGTON, D.C. — Progressive Democrats are calling for a significant tax increase on corporations and the wealthy, citing historical rates during World War II as … Read more
JACKSON TOWNSHIP, NJ – The Jackson Township Council is voicing strong opposition to Jersey Central Power & Light’s (JCP&L) proposed 17-20% electricity rate increase set … Read more
Spotify, the popular music streaming service, has announced an upcoming price hike for its Premium Family subscription. Starting in July, the monthly rate will increase … Read more
By Leika Kihara TOKYO (Reuters) – The Bank of Japan may end negative interest rates in April but will likely go slow in any further … Read more
JERUSALEM (Reuters) – Israel’s inflation rate eased to a 16-month month low of 3.3% in July from 4.2% in June, a drop that could continue … Read more
BUENOS AIRES (Reuters) – Argentina’s central bank will raise the benchmark interest rate to 118% from 97% previously, an official source said Monday, adding the … Read more
SHANGHAI/SINGAPORE (Reuters) – China’s central bank is widely expected to cut the borrowing cost of medium-term policy loans for the first time in 10 months … Read more
(Reuters) -Economists at UBS expect the benchmark interest rate in the eurozone to peak at 3.75%, while Societe Generale sees it at 4% after the … Read more
COPENHAGEN (Reuters) – Denmark’s central bank raised its key interest rate by 0.25 percentage points to 2.85% on Thursday, following a rate hike earlier in … Read more
MEXICO CITY (Reuters) -Mexican restaurant chain operator Alsea reported on Monday a 31% drop in its fourth-quarter net profit from a year earlier, hit by … Read more
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 … Read more
US Manufacturing Cratered In December At Fastest Rate Since Pandemic Began John Hugh DeMastri on January 3, 2023 The S&P Global U.S. Manufacturing Purchasing Managers’ … Read more
NEW YORK (Reuters) – U.S. savers are being left behind by the Federal Reserve’s aggressive campaign of interest rate rises, and that’s unlikely to change … Read more
SHANGHAI (Reuters) – China’s central bank lowered the borrowing cost of 14-day reverse repos on Monday and stepped up cash injections to counteract higher demand … Read more
FRANKFURT (Reuters) – As the European Central Bank raises interest rates to control inflation, a key debate is whether it can stop at a so-called … Read more
By Cynthia Kim SEOUL – South Korea’s residential property prices are likely to drop by up to 2.8% in two years with a full percentage … Read more
MANILA – The Philippine central bank will continue supporting the economy’s recovery despite a planned 25 or 50 basis point rate hike this month, its … Read more
BANGKOK – Thailand’s central bank is highly likely to raise its key policy rate at its August meeting, an official said on Friday, as its … Read more
MOSCOW – Analysts have trimmed their year-end inflation forecasts for Russia and see room for the central bank to continue cutting rates as it tries … Read more
BOGOTA – Interest rate hikes have a limited capacity to rein in accelerating inflation because supply issues are one of the key drivers of consumer … Read more
By Ann Saphir and Lindsay Dunsmuir (Reuters) – The U.S. economy contracted for a second straight quarter, the Commerce Department reported on Thursday, a day … Read more
TAIPEI – Several board members of Taiwan’s central bank suggested that it could make an off-cycle rate hike before the next scheduled meeting in September, … Read more
(Reuters) – Spain’s jobless number remained below three million for the second month running, falling to 12.48% in the April to June period of 2022 … Read more
HONG KONG – Hong Kong Monetary Authority (HKMA) chief Eddie Yue said on Thursday he expects the city’s overnight and one-month interbank rate to continue … Read more
(Reuters) – Another “unusually large” increase in interest rates may be appropriate at the Federal Reserve’s September meeting, but the decision will be determined by … Read more
(Reuters) – The Central Bank of Kuwait said on Wednesday it increased its discount rate by 25 basis points to 2.5%, after the U.S. Federal … Read more
WASHINGTON – Contracts to buy U.S. previously owned homes fell more than expected in June as rising mortgage rates and higher house prices continued to … Read more
By Nichola Saminather TORONTO – Canadians whose use of home equity lines of credit (HELOC) has climbed recently following a surge in real estate values … Read more
SHANGHAI – China’s key money market rate touched a 1-1/2-year low on Tuesday, showing little sign of stress due to ample liquidity ahead of month-end … Read more
‘You’d Be Angry Too’: LA Squanders Millions Of Dollars In Housing Vouchers As Homeless Death Rate Soars John Hugh DeMastri on July 25, 2022 The … Read more
By William Schomberg LONDON – The Bank of England must decide next week whether to join the ranks of central banks rushing out their biggest … Read more
By Nelson Bocanegra BOGOTA – Colombia’s central bank could hike its benchmark interest rate to 9% at its meeting next week, maintaining rate-increase intensity amid … Read more
By Gopal Sharma KATHMANDU -Nepal’s central bank on Friday raised its benchmark policy rate at which it lends to commercial banks to 8.5% from 7%, … Read more
ALMATY – Kazakhstan’s central bank appears likely to keep its benchmark interest rate at 14% on Monday as inflationary risks remain elevated, according to analysts … Read more
By William Schomberg LONDON -Britain’s businesses grew at their slowest pace in 17 months in July and inflation pressures eased, according to an industry survey … Read more
By Gayatri Suroyo and Fransiska Nangoy JAKARTA – Indonesia’s central bank left its policy interest rate unchanged at a record low on Thursday but said … Read more
‘Impossible Situation’: Europe Faces Recession, Debt Crisis As Rate Hike Looms Max Keating on July 20, 2022 The European Central Bank (ECB) will announce its … Read more
MOSCOW – Consumer prices in Russia declined 0.17% in the week to July 15 after sliding 0.03% a week earlier, data showed on Wednesday, keeping … Read more
By Wayne Cole SYDNEY – Australia’s top central banker on Wednesday indicated a steady drum beat of interest rate rises were needed to stop a … Read more
SYDNEY – Australia will launch a review of the Reserve Bank of Australia’s (RBA) inflation target, monetary tools and board structure, Treasurer Jim Chalmers said … Read more
LONDON -Britain’s unemployment rate held at 3.8% in the three months to May and the number of people in work rose by the most since … Read more
(This content was produced in Russia, where the law restricts coverage of Russian military operations in Ukraine.) MOSCOW – The Russian central bank is expected … Read more
By Lucy Craymer WELLINGTON -New Zealand’s consumer prices rose at their fastest pace in three decades, beating forecasts and raising the prospect of an unprecedented … Read more
(Reuters) – The U.S. Federal Reserve should target a policy rate in the range of 3.75% to 4% by the end of this year in … Read more
By Julie Gordon and Divya Rajagopal OTTAWA – The Bank of Canada’s surprise jumbo interest rate hike this week has jolted highly indebted consumers, who … Read more
By Orathai Sriring and Satawasin Sta[censored]charnchai BANGKOK – Thailand’s central bank is highly likely to raise its key policy rate at its August meeting, a … Read more
SHANGHAI – China’s central bank is widely expected to keep unchanged the borrowing costs on its medium-term policy loans for the sixth consecutive month on … Read more