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…
Reserve Bank of India to wait at least until August to raise repo rate – Reuters poll
By Prerana Bhat and Tushar Goenka BENGALURU – The Reserve Bank of India will delay its first interest rate rise by at least four months to August at the earliest, according to…
U.S. poor died at much higher rate from COVID than rich – report
WASHINGTON – Americans living in poorer counties died during the pandemic at almost twice the rate of those in rich counties, a study released Monday by the Poor People’s Campaign showed. The…
Williams: Must watch how economy responds as it presses toward neutral rate
WASHINGTON – The Federal Reserve will need to keep a careful eye on how the economy reacts as it raises interest rates, and scale the pace of its rate increases accordingly, New…
Fed’s Evans sees 7 rate hikes this year, but says that could change
By Ann Saphir (Reuters) – Chicago Federal Reserve President Charles Evans on Friday repeated his view that the U.S. central bank will likely need to make seven quarter-of-a-percentage-point interest rate hikes this…
Colombia central bank raises rate to 5%, less than expected
By Nelson Bocanegra and Julia Symmes Cobb BOGOTA – Colombia’s central bank board raised the benchmark interest rate by 100 basis points to 5% on Thursday, significantly lower than expected even amid…
Brazil’s jobless rate hits six-year low for quarter through February
BRASILIA – Brazil’s jobless rate stood at 11.2% in the three months through February, statistics agency IBGE said on Thursday, the lowest level for the period in six years, amid a drop…
Fed’s George puts neutral rate of around 2.5% “as a starting point”
WASHINGTON – Kansas City Fed president Esther George said she estimates a neutral rate of interest for the U.S. at about 2.5% “as a starting point” of what the Fed should aim…
Investors expect Bank of Canada shift to half-percentage-point rate hikes
By Fergal Smith TORONTO – As Canada’s inflation outlook worsens, investors are betting the country’s central bank will begin hiking its key interest rate in half-percentage-point increments, with the first of the…
ECB’s Holzmann wants key rate at zero by year end – BZ
FRANKFURT – The European Central Bank should raise its key interest rate to zero by year-end or it will risk having to raise it even more abruptly next year to bring down…
Israeli study: 2nd vaccine booster significantly lowers COVID death rate
JERUSALEM – Senior citizens who received a second booster of the Pfizer–BioNTech COVID-19 vaccination had a 78% lower mortality rate from the disease than those who got one only, a study from…
Analysis-U.S. credit ‘relief’ rally could be short-lived as Fed rate risk looms
By Davide Barbuscia NEW YORK – U.S. credit markets saw some respite after the Federal Reserve hiked interest rates last week, but the relief is expected to be short-lived as uncertainty around…
Exclusive-EU nations to exchange refugees’ hryvnias at Ukraine cenbank rate- draft document
BRUSSELS – European Union countries are likely to agree to allow millions of Ukrainian refugees to exchange their currency, the hryvnia, into currencies used in the EU over the next three months…
Fed’s Mester calls for frontloading rate hikes, sees rise to 2.5% in 2022
By Ann Saphir – Cleveland Federal Reserve Bank President Loretta Mester on Tuesday said she would like to raise interest rates to about 2.5% by year end, with bigger rate hikes in…
Hungary ramps up rate hikes as war stokes inflation risks
By Gergely Szakacs and Krisztina Than BUDAPEST – The National Bank of Hungary raised its base rate by 100 basis points to 4.4% on Tuesday, the biggest hike in the rate since…
U.S. rate futures raise odds for hefty rate hike in May after Powell comments
NEW YORK – Federal funds rate futures on Monday raised the chances of a half percentage-point tightening by the Federal Reserve at the next policy meeting in May, after hawkish comments from…
Czech central banker favours rate hikes to wider FX sales to stem inflation
By Jan Lopatka PRAGUE – The Czech central bank is likely to raise interest rates again on March 31 and may discuss more use of foreign exchange interventions, board member Tomas Holub…
ECB should keep 2022 rate hike on agenda, if inflation warrants it -Nagel
FRANKFURT – The European Central Bank should continue to normalize policy and raise interest rates, possibly as soon as this year, if the inflation outlook warrants it, Bundesbank President Joachim Nagel said…
ECB’s Holzmann argues again for rate rise – paper
ZURICH – European Central Bank (ECB) policymaker Robert Holzmann told an Austrian newspaper that the bank could send a clear message about fighting inflation by raising interest rates before ending its stimulus…
Fed’s rate path balances inflation fight and pandemic unknowns, Barkin says
By Howard Schneider BALTIMORE – The rate increases projected by Federal Reserve officials this week represented a “balancing act” between the need to begin normalizing monetary policy in the face of high…
In New York City, women and young girls are being grabbed, groped and assaulted at a higher rate
NEW YORK, NY – There’s a new growing problem in New York City. While random attacks on Asians and subway slashings and assaults also continue to rise, a new trend is appearing…
Fed’s Waller says series of half point rate increases may be needed at coming meetings – CNBC
WASHINGTON – Federal Reserve Governor Chris Waller said economic risks around the war in Ukraine led him to vote in favor of a quarter percentage point rate increase at the Fed meeting…
Goldman says China high-yield developers’ default rate understates stresses
SHANGHAI – Chinese high-yield property issuers have by one measure defaulted on nearly a quarter of their outstanding bonds this year, Goldman Sachs analysts estimated, highlighting liquidity stress as Beijing looks to…
Deutsche Bank’s U.S. affiliate, following the Fed, raises prime lending rate
– Germany’s Deutsche Bank AG said on Thursday its U.S. affiliate had increased its prime lending rate by 25 basis points, mirroring moves by major Wall Street banks after the Federal Reserve…
Investors rein in rate hike bets after BoE softens message
By David Milliken LONDON -Investors scaled back their expectations for future Bank of England interest rate rises this year, sending British bond prices sharply higher, after the BoE hiked again on Thursday…
Canadian inflation seen peaking at or above 6%; more rate hikes in the cards
By Julie Gordon and Fergal Smith OTTAWA – A commodities rally sparked by Russia’s invasion of Ukraine will push Canadian inflation higher for longer, with the headline rate now seen peaking at…
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