State Farm notifies New Jersey policyholders of potential 147 percent rate hike
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 Liability Umbrella Program, according to a formal…
Poland’s unemployment rate rises to 5.5% in January
– Poland’s registered unemployment rate rose to 5.5% in January compared with 5.4% in December, statistics office data showed on Wednesday, below analysts’ expectations of 5.6%. The statistics office also said that…
Marketmind: Another rate hike from New Zealand
A look at the day ahead in markets from Dhara Ranasinghe. The Ukraine crisis may be tempering the most aggressive rate hike bets but New Zealand’s latest interest rate rise suggests central…
Bank of Korea to pause rate hikes on Feb 24, resume in Q2: Reuters poll
By Devayani Sathyan and Tushar Goenka BENGALURU – The Bank of Korea will leave rates on hold on Thursday after back-to-back hikes at the previous two meetings, according to economists in a…
Fed’s Bowman: too soon to tell if half percentage point rate hike needed in March
– It is too early to know if the Federal Reserve will need to start its tightening cycle at its next policy meeting in March with a half percentage point rate rise,…
German economy grows at fastest rate for six months in February -PMI
BERLIN – Improving demand for services pushed business activity across Germany’s private sector to a six-month high in February, and while manufacturing lagged due to COVID-19 infections among staff the sector also…
Factbox-What global banks forecast for Fed rate hikes in 2022
– Major investment banks have penciled in a strong run of interest rate hikes for 2022 after hotter-than-expected inflation data ramped up pressure on the Federal Reserve to take a firmer stand…
Factbox-What global banks forecast for Fed rate hikes in 2022
– Major investment banks have pencilled in a strong run of interest rate hikes for 2022 after hotter-than-expected inflation data ramped up pressure on the Federal Reserve to take a firmer stand…
ECB’s Lane says no fixed size, frequency for rate hikes
FRANKFURT – The European Central Bank does not have to stick to a fixed size or frequency of interest rates hikes as these will depend on inflation, the bank’s chief economist Philip…
Emerging markets better equipped to deal with Fed rate hike cycle – S&P
LONDON – Financing conditions have tightened for emerging markets both domestically and externally but they are better prepared to handle the U.S. Federal Reserve’s upcoming monetary tightening policy cycle, ratings agency S&P…
Colombia inflation forecast higher in 2022, faster rate hikes seen – cenbank poll
By Nelson Bocanegra BOGOTA – Inflation estimates for Colombia this year rose and predictions of interest rate rises quickened among analysts polled in a central bank survey. The 40 analysts surveyed by…
Canadian inflation hits fresh 30-year high in January, rate hikes loom
By Julie Gordon and Ismail Shakil OTTAWA -Canada’s annual inflation rate accelerated again in January to hit a fresh 30-year high at 5.1%, as food and housing costs continued to rise, official…
Japan consumers’ expected inflation rate rises to record 2.43% in Feb -govt survey
(Corrects day of the week in first paragraph) TOKYO – Japanese consumers’ one-year forward expected inflation rate rose to 2.43% in February, a Consumer Affairs Agency survey showed on Wednesday, the highest…
ECB to raise deposit rate to -0.25% by year-end- Reuters poll
By Shrutee Sarkar BENGALURU – The European Central Bank will raise its deposit rate in the second half of this year, and not wait until 2023 as previously expected, according to a…
U.S. short-term rate futures pare back odds of Fed inter-meeting move
By Gertrude Chavez-Dreyfuss NEW YORK – U.S. short-term interest rate futures on Monday reflected a reduced chance of an interest rate increase by the Federal Reserve before its two-day March policy meeting.…
Fed’s Daly: Being too aggressive on rate hikes could be destabilizing
– Being too “abrupt and aggressive” with interest rate increases could be counter-productive to the Federal Reserve’s goals, San Francisco Federal Reserve Bank President Mary Daly said on Sunday, signaling she is…
Maryland COVID-19 Positivity Rate Drops Below 5%
From the Desk of Governor Larry Hogan ANNAPOLIS, MD—Governor Larry Hogan today announced that the state’s COVID-19 positivity rate has dropped below 5%—another critical milestone as Maryland’s health metrics continue to substantially…
Goldman ups Fed hike forecast to 7 rate increases in 2022 after CPI data
HONG KONG -Goldman Sachs said it expects seven 25 basis point interest rate rises from the U.S. Federal Reserve this year, up from its previous forecast of five and updating its forecast…
Marketmind: Ready for a big bang U.S. rate hike?
A look at the day ahead in markets from Dhara Ranasinghe. An aggressive 50 basis point U.S. interest rate hike to contain inflation now appears like a no-brainer after the hottest inflation…
Analysis-Hot inflation fuels case for ‘big-bang’ Fed rate hike in March
By Ann Saphir and Lindsay Dunsmuir – Pressure increased on the Federal Reserve on Thursday to take a stronger stand against inflation after an unexpectedly large jump in U.S. consumer prices defied…
Fed’s Barkin: ‘I’d have to be convinced’ of need for half-point rate hike
By Ann Saphir -Richmond Federal Reserve Bank President Tom Barkin on Thursday said he would be “conceptually” open to raising interest rates by a bigger-than-usual half-of-a-percentage point increment, but does not see…
Fed’s loudest hawk ramps up odds for monster rate hike after hot inflation data
By Gertrude Chavez-Dreyfuss NEW YORK -Federal funds rate futures on Thursday have boosted the chances of a half percentage-point tightening by the Federal Reserve at next month’s meeting after hawkish comments from…
Mexico central bank hikes key rate, still hawkish under new leadership
MEXICO CITY -Mexico’s central bank on Thursday raised its benchmark interest rate as expected by 50 basis points to 6.00%, a sixth straight rate increase, as policymakers sought to keep price pressures…
Fed’s Mester says case for half-percentage-point rate hike in March not compelling
By Jonnelle Marte -The Federal Reserve will have to move faster than it has in the past to remove accommodation and tame inflation that is well above target, but it may not…
Fed’s Mester says she doesn’t see compelling case to start with 50 bps rate hike
NEW YORK – It is time for the Federal Reserve to start removing accommodation and raising interest rates, but it is not necessary for the central bank to launch its rate hike…
CME profit tops views as investors ready for rate hikes, shares hit record high
By John McCrank NEW YORK – CME Group Inc on Wednesday reported a fourth-quarter profit that topped Wall Street expectations, helped by increased usage of the futures exchange operator’s interest rate hedging…
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