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…
M&T Increases Prime Rate
BUFFALO, N.Y., March 16, 2022 — Effective Thursday, March 17, 2022, M&T Bank (NYSE: MTB) will increase its prime lending rate from 3.25% to 3.50% About M&T BankM&T Bank Corporation is a financial…
Rate hike, intervention can’t reverse weak yen, says former Japan currency diplomat
By Leika Kihara and Yoshifumi Takemoto TOKYO – Tightening monetary policy or intervening in the currency market will do little to reverse unwelcome yen declines that inflate already rising fuel and raw…
Column-To neutral … and beyond! U.S. rate outlook rises after Fed liftoff: McGeever
By Jamie McGeever ORLANDO, Fla. – U.S. interest rates are on a far steeper and faster climb than previously anticipated following the Federal Reserve’s liftoff on Wednesday, bringing to an end zero-interest-rate…
How the Fed’s rate hikes could affect U.S. consumers
By Jonnelle Marte – The Federal Reserve raised short-term interest rates on Wednesday by a quarter of a percentage point and signaled that it plans to lift them further in the coming…
Canada’s inflation rate surges to a fresh 30-year high
By Julie Gordon and Ismail Shakil -Canada’s annual inflation rate accelerated in February to hit a fresh 30-year high, with broad price gains hitting consumers on all fronts, data showed on Wednesday,…
Gold steady as dollar dip counters Fed rate hike expectations
By Bharat Gautam – Gold steadied on Wednesday, with a weaker dollar offsetting pressure from higher U.S. Treasury yields as investors await the first pandemic-era U.S. Federal Reserve interest rate hike. Spot…
Gold slides on Russia-Ukraine talks, U.S. rate hike bets
By Bharat Gautam – Gold extended its slide on Tuesday as ceasefire talks between Russia and Ukraine reduced demand for safe-haven assets, while bets that the U.S. Federal Reserve may raise interest…
Gold slides on Russia-Ukraine talks, U.S. rate hike bets
By Bharat Gautam – Gold extended its slide on Tuesday as ceasefire talks between Russia and Ukraine reduced demand for safe-haven assets, while bets that the U.S. Federal Reserve may raise interest…
Inflation surge, war cloud Fed’s interest rate trajectory
By Howard Schneider WASHINGTON – New economic projections from the Federal Reserve this week will show how far and how fast policymakers see interest rates rising this year, in a first test…
Russian cenbank is expected to hold key rate at 20% on Friday – Reuters poll
– The Russian central bank is expected to hold its key interest rate unchanged at 20% on Friday after a sharp emergency rate hike in late February designed to support financial stability,…
Russia’s central bank governor will not take questions after Friday rate meeting
– Russian central bank governor Elvira Nabiullina will not take questions from journalists after explaining this month’s monetary policy decision in an online presentation on Friday, the central bank said on Monday.…
Bank of England heads for third rate rise in a row as prices surge
By David Milliken LONDON – The Bank of England looks set to lift interest rates to 0.75% on Thursday, its third rate rise in a row as it seeks to tame a…
High risk of half-percentage-point Fed rate hike in 2022, economists say
By Prerana Bhat and Indradip Ghosh BENGALURU – There is a high risk the Federal Reserve will raise interest rates by half a percentage point sometime this year, according to economists polled…
Maryland COVID-19 hospitalizations drop to lowest case rate in America
ANNAPOLIS, MD – In a promising announcement that the COVID-19 pandemic may soon be behind us, Maryland Governor Larry Hogan today announced hospitalizations in the state are among the lowest case rates…
ECB policymakers saw rate hike drawing closer in February
FRANKFURT – European Central Bank policymakers meeting last month agreed that the first interest rate hike in more than a decade was drawing closer as inflation showed signs of taking hold, the…
U.S. Q4 productivity growth unrevised at 6.6% annualized rate
WASHINGTON – U.S. worker productivity rebounded strongly in the fourth quarter, curbing growth in unit labor costs, the government confirmed on Thursday. Nonfarm productivity, which measures hourly output per worker, increased at…
Apollo CEO says Ukraine conflict could weigh on interest rate rises
By Chibuike Oguh – Apollo Global Management Inc Chief Executive Marc Rowan said on Tuesday that Russia’s invasion of Ukraine could temper interest rate rises by central banks and that he expected…
BoE’s Saunders says Ukraine impact on rate decisions unclear
By William Schomberg and David Milliken LONDON -Bank of England policymaker Michael Saunders said Russia’s invasion of Ukraine is likely to push Britain’s soaring inflation higher, but that it is too soon…
Lending to euro zone households grows at fastest rate since late 2008
FRANKFURT – Growth in bank loans to euro zone households accelerated again last month, growing at the fastest pace since late 2008, European Central Bank data showed on Friday. “Annual growth rate…
RBA interest rate hike now likely in Q3, to end year at 0.50%: Reuters poll
By Vivek Mishra BENGALURU – Australia’s central bank will raise interest rates for the first time in over a decade in the third quarter, slightly earlier than thought a month ago, according…
Fed’s Barkin: Ukraine events not likely to change case for U.S. rate hikes
WASHINGTON – The Russian invasion of Ukraine probably won’t change the “underyling logic” behind the Federal Reserve’s plans to raise interest rates, but the impact on global markets and commodity prices in…
Hungary central bank raises one-week deposit rate by 30 bps to 4.6%
BUDAPEST – Hungary’s central bank raised its one-week deposit rate by 30 basis points to 4.6% at a weekly tender on Thursday, as expected, two days after it raised its base rate…
Kazakhstan central bank hikes policy rate amid Ukraine crisis
ALMATY – Kazakhstan’s central bank hiked its policy rate to 13.5% from 10.25% on Thursday as the central Asian nation’s tenge currency sank alongside the Russian rouble after Moscow launched attacks on…
Bank of Canada March interest rate hike a done deal, say economists: Reuters poll
By Shrutee Sarkar BENGALURU – The Bank of Canada will raise interest rates by 25 basis points on March 2, earlier than previously thought and ahead of the U.S. Federal Reserve, according…
BoE’s Bailey speaks to lawmakers about rate hike decision
LONDON – Bank of England Governor Andrew Bailey and other top officials from the British central bank spoke to lawmakers on Wednesday about their decision earlier this month to raise interest rates…
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