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…
Amid Soaring Crime Rate, NYC Mayor Urges Residents To Eat Plant-Based Diet, Compares Cheese To Heroin
New York City Mayor Eric Adams is on a mission to push a plant-based diet on New Yorkers, he said at a Monday press conference. “Food is like a drug. You take…
U.S. banks outlook positive with loan growth and rate hikes in view
By Sinéad Carew – While U.S. bank stocks had a rocky start to the year, investors and analysts see accelerating loan growth and Federal Reserve interest rate hikes boosting the sector. The…
U.S. rate hikes could hit highly dollarized emerging market banks – Moody’s
By Rodrigo Campos NEW YORK – Banks in Latin America and emerging Europe are most exposed to dollarization among developing economies, making them vulnerable to weaker local currencies and increasing withdrawals in…
Exclusive-ECB’s Kazaks says July rate hike is unlikely
By Francesco Canepa FRANKFURT – The European Central Bank could end its stimulus programme earlier than planned but it is unlikely to raise its main interest rate in July as investors are…
Fed to start rate hikes with a bang? Not likely
By Ann Saphir and Howard Schneider – Bigger-than-expected U.S. job gains last month are fueling market bets that the Federal Reserve will kick off its interest rate hikes in March with a…
Biden revives ‘Cancer Moonshot’ plan with goal to lower death rate
By Alexandra Alper and Nandita Bose WASHINGTON -President Joe Biden on Wednesday announced plans to reduce the death rate from cancer by at least 50 percent over the next 25 years, part…
Fed’s Bullard says unemployment rate can go below 3% this year
NEW YORK -St. Louis Federal Reserve Bank President James Bullard said he sees the unemployment rate falling below 3% this year, a jobless rate the U.S. economy last seen in the early…
Fed’s Bullard does not think a half-point rate hike ‘really helps us’ -Reuters interview
– St. Louis Federal Reserve President James Bullard on Tuesday said he favors lifting rates at the U.S. central bank’s meeting in March and likely again in May, but he pushed back…
Japan’s Dec jobless rate falls as monthly employment gain hits near 36-year high
TOKYO – Japan’s jobless rate fell to 2.7% in December as employment posted the biggest monthly gain in nearly 36 years, government data showed on Tuesday. The seasonally adjusted unemployment rate in…
Fed’s Barkin says pace of U.S. rate hikes depends on inflation
By Ann Saphir – How fast and far the U.S. Federal Reserve will raise interest rates once it begins doing so in March will depend on what happens with the economy and,…
Fed’s George: aggressive balance sheet reduction may allow for fewer rate hikes
By Jonnelle Marte -The Federal Reserve can move sooner to start reducing its bond holdings than in the past and aggressive action to shrink the U.S. central bank’s portfolio could allow it…
Fed rate hike could be half-point if needed, says Raphael Bostic – FT
– The Federal Reserve could supersize an interest rate increase to half a percentage point if inflation remains stubbornly high, Atlanta Fed President Raphael Bostic told the Financial Times in an interview.…
Goldman Sachs expecting five rate hikes this year
NEW YORK – Goldman Sachs is forecasting that the U.S. Federal Reserve will raise interest rates five times in 2022, versus four previously, with a hike expected in March, according to a…
Fed’s Kashkari says rate hike ‘pause’ conceivable in spring
By Ann Saphir – The Fed will likely raise rates in March to tamp down on too-high inflation, Minneapolis Fed President Neel Kashkari said on Friday, but its actions after that will…
Bank of America says it sees seven Fed rate hikes this year
– Bank of America economists said on Friday that they expect the Federal Reserve to hike rates by 25 basis points seven times this year, beginning in March, adopting one of the…
Banks scramble to change Fed rate calls after hawkish shift
By Saikat Chatterjee SINGAPORE -Strategists at the world’s top investment banks scrambled to change their Federal Reserve rate calls on Thursday after policymakers emphasised at a policy meeting that it would tighten…
Federal Reserve Sticks To Rate Hike Schedule, Signals End To Asset Purchase Stimulus
The Federal Reserve will keep interest rates near zero, and it will begin its rate hike in mid-March, Federal Reserve Chairman Jerome Powell said Wednesday after the central bank’s two-day meeting. The…
Rate traders see risk of more than four U.S. Fed hikes this year after hawkish Powell
– Hawkish comments from Federal Reserve Chair Jerome Powell on Wednesday have led short-term interest rate traders to begin pricing for the possibility that the U.S. central bank could raise rates more…
Brazil sees 2022 public debt as high as 6.4 tln reais, more floating rate debt
BRASILIA -Brazil’s outstanding public debt is expected to increase this year to a range between 6 trillion reais and 6.4 trillion reais, a rise of up to 14% on last year’s 5.614…
Italy’s doValue aims for 6% loan recovery rate by 2024
MILAN – Italy’s biggest debt recovery firm doValue will aim to keep the amount of loans it manages stable at 160 billion euros ($180.5 billion) to the end of 2024, while improving…
Bank of Canada says slack absorbed, sets stage for rate hike
OTTAWA, Jan 26 – The Bank of Canada on Wednesday said economic slack had been absorbed, setting the stage for its first rate hike since 2018, and forecast inflation would remain higher…
Trump battled the Powell Fed’s rate hikes. Biden’s betting on them
By Ann Saphir – U.S. central bankers on Tuesday will open their first meeting of the year already in broad agreement that they need to raise interest rates soon, likely in March,…
THE CRYPTOVERSE-Teenage bitcoin throws an interest rate tantrum
By Lisa Pauline Mattackal and Medha Singh – Bitcoin is growing up. The original cryptocurrency turns 13 this year and is showing signs of becoming a more mature financial asset – but…
Australian inflation surges in Q4, market bays for rate hikes
By Wayne Cole SYDNEY – Australia’s core inflation flew to its fastest annual pace since 2014 in the December quarter as fuel and housing costs led broad-based price pressures, a shock that…
Meme stocks fall out of love as rate hike fears dampen speculation
By Anisha Sircar and Medha Singh – Meme stocks GameStop Corp and AMC Entertainment continued to fall out of favor for investors as fears of a faster rise in interest rates puncture…
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