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…
Fed’s Williams: 50 bps interest rate hikes at next two meetings “makes sense”
ELTVILLE AM RHEIN, Germany – The Federal Reserve’s signal that it will likely raise interest rates by 50 bps at each of its next two meetings in June and July is sensible,…
Fed’s Barkin says central bank can tweak path once its gets to neutral rate
(Reuters) – The U.S. Federal Reserve can assess how much more it needs to do to bring inflation back down to its 2% goal when it has raised borrowing costs to a…
Chile interest rate seen rising to 9% in June- analyst poll
SANTIAGO – Chile is expected to hike its benchmark interest rate to 9% in June, a central bank poll of analysts suggested on Tuesday, as the world’s top copper producer battles to…
Fed’s Williams: ‘soft landing’ would still see unemployment rate rise
ELTVILLE AM RHEIN, Germany – The Federal Reserve’s efforts to tame inflation will at best still see declining economic growth and a small rise in the unemployment rate for a period, New…
Bank of Canada turns to interest rate guidance as it battles inflation
By Julie Gordon OTTAWA – Faced with runaway inflation, Canada’s central bank has taken the rare step of providing guidance on the path of interest rates, as it aims to keep expectations…
BoE’s Saunders says neutral rate might be in 1.25-2.5% range
LONDON – Bank of England policymaker Michael Saunders said the neutral rate of interest – the level at which it neither stimulates nor restrains demand – might be somewhere in the range…
Russian weekly inflation eases after rate cut
(Reuters) -Russia’s weekly inflation rate eased in late April, data from statistics service Rosstat showed on Friday, confirming an easing of crippling price pressures days after the central bank cut interest rates.…
Australia’s central bank drastically raises inflation forecasts, flags more rate hikes
SYDNEY – Australia’s central bank on Friday drastically revised up forecasts for inflation, foreshadowing how far interest rates might have to rise to bring the country’s cost of living crisis under control.…
U.S. rate futures price in 75% chance of 75 bps Fed hike in June
By Gertrude Chavez-Dreyfuss NEW YORK – Futures on the federal funds rate priced in on Thursday a roughly 75% chance of a three quarters of a percentage point tightening by the Federal…
Economists expect higher rate hikes after RBI’s hike to tame inflation
By Manoj Kumar and Aftab Ahmed NEW DELHI – India’s central bank is expected to frontload more aggressive interest rate hikes in its effort to tame high inflation, at least until its…
Irish unemployment rate falls to 4.8% in April
DUBLIN – Ireland’s unemployment rate fell to its lowest rate since the start of the COVID-19 pandemic, dropping to 4.8% in April from a downwardly revised 5.1% in March, the Central Statistics…
Fed’s Powell: 75 basis point rate hike not being ‘actively considered’
(Reuters) – Federal Reserve Chair Jerome Powell on Wednesday said central bank officials are not “actively” considering a rate hike of three-quarters of a percentage point at coming monetary policy meetings. “A…
U.S. rate futures price in 70% chance of 50 bps hike in June Fed meeting
(Reuters) – Futures on the federal funds rate have priced in a roughly 70% chance of another half a percentage-point tightening at next month’s meeting after the Federal Reserve lifted the rate…
Investor pessimism mounts as more Fed rate hikes loom
By Lewis Krauskopf and Saqib Iqbal Ahmed NEW YORK – Stock market investors are heading into the U.S. Federal Reserve’s rate-setting announcement particularly pessimistic, with fresh milestones for bond yields and worries…
Fed expected to step up inflation fight with big rate hike
By Ann Saphir WASHINGTON – The Federal Reserve on Wednesday is expected to raise interest rates by half of a percentage point and announce the start of reductions to its $9 trillion…
UK shop prices rise at fastest rate since 2011 – BRC
LONDON – Shop prices in Britain surged last month at the fastest rate in more than a decade and worse is to come, according to a survey published on Wednesday that spelt…
Staffing Shortage Prompts $29 Per Hour Rate for Toms River School Bus Drivers
TOMS RIVER, NJ – The Toms River Regional School District is offering $29 per hour to school bus drivers as it attempts to properly staff its fleet of school buses during an…
Australian consumers spooked by rate risk, inflation -survey
SYDNEY – Australian consumer sentiment took a nose dive last week as a shockingly high reading in inflation fuelled concerns about the cost of living and possible rise in interest rates, a…
Czech central bank seen raising main rate to 5.50%, highest since 1999: Reuters poll
PRAGUE – The Czech National Bank is likely to raise its main rate by 50 basis points to 5.50% on May 5, a Reuters poll suggested on Monday, pushing borrowing costs to…
Japan’s April factory activity expands at slower rate -PMI
TOKYO – Japan’s manufacturing activity grew at a slower pace from the previous month in April as supply chain disruptions and strict Chinese coronavirus lockdown measures hurt overseas demand. Activity in the…
Australian banks’ margin woes linger but rate hikes may lift view
By Shashwat Awasthi (Reuters) – Australia’s “Big Four” banks are set to report a further squeeze on interest margins in their upcoming results dented by growing competition, though the prospect of a…
Peru’s annual inflation rate hits 24-year high in April
By Marco Aquino LIMA – Peru’s annual inflation rate hit 7.96% in April, its highest level in 24 years, as the copper-producing Andean nation grapples with protests over rising food and energy…
ECB’s Lane say first rate hike is no big deal, cautious on further moves
FRANKFURT -The European Central Bank’s first rate hike in over a decade is no big issue for the ECB and the question is rather how fast it should raise borrowing costs further…
Australia’s central bank enters political minefield as rate hike nears
By Wayne Cole SYDNEY – Australia’s central bank is in a bind as it contemplates its first interest rate increase in more than a decade, with its decision set to antagonise one…
ECB has room for 2-3 rate hikes this year, says Kazaks
FRANKFURT – The European Central Bank should raise interest rates soon and has room for up to three hikes this year, ECB policymaker Martins Kazaks told Reuters, joining a chorus of policymakers…
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