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…
Japan’s jobless rate falls to 2.5% in April – government
TOKYO – Japan’s jobless rate fell to 2.5% in April, while the availability of jobs increased, government data showed on Tuesday. The seasonally adjusted unemployment rate was lower than the 2.6% reported…
RBNZ chief economist says rate outlook could change with economic indicators
By Lucy Craymer WELLINGTON – The Reserve Bank of New Zealand’s chief economist said its outlook for strongly rising interest rates this year could change, depending on economic indicators. “This was our…
School and Owner Pay Over $1 Million to Resolve Allegations of Attempts to Improperly Influence the School’s Student Loan Default Rate
Vanessa Roberts Avery, United States Attorney for the District of Connecticut, today announced that CAREER TRAINING SPECIALISTS, LLC, doing business as STONE ACADEMY, and its owner, MARK SCHEINBERG, have paid more than…
CORONA-BABIES: US Birth rate Increases For The First Time In Seven Years
CORONA-BABIES: US Birth rate Increases For The First Time In Seven Years Bryan Babb on May 24, 2022 The U.S. birthrate in 2021 increased for the first time since 2014, with COVID-19…
Fed funds rate above 1.75% ‘too restrictive’ as financial conditions deteriorate – Guggenheim’s Minerd
By Divya Chowdhury and Lisa Pauline Mattackal DAVOS, Switzerland – The U.S. Federal Reserve may be forced to rethink its hawkish stance as it hikes interest rates in the face of a…
Japan’s May factory activity grows at slowest rate in 3 months – flash PMI
TOKYO – Japan’s manufacturing activity expanded at the slowest pace in three months in May, as supply bottlenecks due to parts shortages and China’s COVID-19 lockdowns caused output and new orders growth…
Fed’s George sees policy interest rate near 2% by August
(Reuters) – Kansas City Federal Reserve Bank President Esther George on Monday said she expects the U.S. central bank to lift its target interest rate to about 2% by August, with further…
Bostic: Economy may respond quickly to Fed rate increases
ATLANTA, Ga – The quick response in financial markets to tighter monetary policy offers hope that other parts of the economy may adjust more quickly as well, Atlanta Federal Reserve President Raphael…
Chile central bank mulled 150 point rate increase at May meeting, minutes show
SANTIAGO – Chile’s central bank considered raising the benchmark interest rate by up to 150 basis points at its last meeting due to persistent inflationary pressure, according to meeting minutes released by…
New Zealand central bank to hike cash rate by another half point on May 25: Reuters poll
By Vivek Mishra BENGALURU – New Zealand’s central bank will hike its policy interest rate by half a percentage point to counter soaring inflation when it meets on May 25, making a…
South African central bank governor’s comments on rate decision
JOHANNESBURG – Below are some quotes from South African Reserve Bank Governor Lesetja Kganyago on Thursday as he announced the central bank’s decision to raise benchmark repo rate by 50 basis points…
Czech central bank’s Nidetzky: June rate hike coming -Seznam Zpravy
PRAGUE – The Czech central bank is likely to deliver another interest rate hike in June as long as nothing economically significant happens before then, although to what extent will depend on…
Treasury’s Yellen says U.S. committed to market-determined exchange rate
BONN, Germany – U.S. Treasury Secretary Janet Yellen said on Wednesday the United States was committed to a market-determined exchange rate, after being asked by reporters about recent strengthening of the dollar.…
Real Estate Investors Flee From High-Tax States to Seek Floridian Rate Advantages – Income Realty Advisors Releases Free Guide Outlining Profitable Tax Advantages
NAPLES, Fla., May 18, 2022 — Income Realty Advisors (IRA) recently offered a new, comprehensive report detailing the tax advantages of purchasing Single Tenant, Net-Lease Properties with Credit Tenants (NNN) in the low-tax…
Zambia’s central bank holds key interest rate at 9.0%
LUSAKA – Zambia’s central bank on Wednesday left its main lending rate unchanged at 9% as inflation slowed, Governor Denny Kalyalya told a news conference. However, Kalyalya said a projected grain deficit…
Euro zone Q1 GDP growth rate revised upward to end-2021 pace
BRUSSELS – Euro zone economic growth was stronger than previously expected in the first quarter, revised data showed on Tuesday, and employment rose too, showing the euro zone expanded at the solid…
ECB to hike deposit rate 25 bps in July, ditch negative rates by end-September: Reuters poll
By Swathi Nair BENGALURU – The European Central Bank is expected to raise the deposit rate for the first time in over a decade in July and bring it out of negative…
Analysis: Traders ready for wilder swings as rate rises stoke volatility
By Dhara Ranasinghe, Saikat Chatterjee and Davide Barbuscia LONDON/NEW YORK – Traders in the world’s largest markets are having to navigate wild intra-day swings and shrinking deal sizes as central banks rapidly…
Fed’s Daly backs half-percentage-point rate hikes at next meetings
(Reuters) – San Francisco Federal Reserve President Mary Daly on Thursday said she backs the plan to hike interest rates laid out by Fed Chair Jerome Powell and would like to see…
European stocks fall as rate hike worries seep back in
By Sruthi Shankar (Reuters) -European stocks slumped on Thursday, with most cyclical parts of the market coming back down, a day after U.S. inflation data fuelled worries about the impact of rising…
Bullard: April inflation ‘hot’ but does not see 75 bp Fed rate increase ‘for now’
(Reuters) – U.S. April inflation at 8.3% remained “hot” but does not yet require the Federal Reserve to switch to three-quarter point rate increases, St. Louis Fed President James Bullard said on…
Belarus PM sees interest rates falling after rate cuts in Russia
(Reuters) – Belarusian Prime Minister Roman Golovchenko said on Wednesday he expected interest rates in his country to fall following rate cuts by the Russian central bank, despite accelerating inflation in Belarus.…
Portugal’s first-quarter jobless rate drops to 5.9%
(Reuters) – Portugal’s unemployment rate in the first quarter fell to 5.9%, from 7.1% a year earlier, and from 6.3% in the preceding three months, official data showed on Wednesday. The youth…
S.Korea April unemployment rate stays at historical low for 3rd month
SEOUL – South Korea’s unemployment rate remained at a historical low for a third month in April, while the number of people employed increased for a 14th straight month, the government data…
Fed’s Mester: Will need “compelling” drop of inflation to slow rate hikes
By Howard Schneider AMELIA ISLAND, Fla. – Inflation will need to show a “compelling” slowdown before the Federal Reserve can consider pausing its interest rate increases, Cleveland Federal Reserve President Loretta Mester…
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