JCP&L Suspends Summer Shut-Offs as New Jersey Electricity Rates Increase 20%
HOLMDEL, N.J. — A failed state energy plan has resulted in electricity rate increases as high as 20% in New Jersey, thanks to Governor Phil Murphy’s failed clean energy agenda, but one…
Marketmind: RBNZ to hike rates, U.S. default ticks closer
By Jamie McGeever (Reuters) – A look at the day ahead in Asian markets from Jamie McGeever. An expected interest rate hike in New Zealand will be the main regional focus for…
Bank of Korea to hold rates until end of September, cut in Q4- Reuters poll
By Anant Chandak BENGALURU (Reuters) – The Bank of Korea will keep interest rates unchanged for a third time on Thursday to assess the impact of previous hikes on inflation and economic…
ECB rates to peak by summer – Villeroy
PARIS (Reuters) – European Central Bank interest rate hikes are likely to peak out by the end of summer, but the more important issue now is how long rates stay elevated than…
Bullard: Rates may still need to rise another half-point this year
WASHINGTON (Reuters) – The Federal Reserve may still need to raise its benchmark interest rate by another half-point this year, St. Louis Fed President James Bullard said, suggesting that any decision to…
NZ central bank to hike by 25 bps, risk grows of higher peak for rates
By Lucy Craymer WELLINGTON (Reuters) – New Zealand’s central bank is expected to deliver a 25-basis point hike on Wednesday, but the focus will be on whether the policy rate will peak…
Marketmind: China to hold rates steady, markets digest G7
By Jamie McGeever (Reuters) – A look at the day ahead in Asian markets from Jamie McGeever. The People’s Bank of China is expected to keep key lending rates on hold on…
Fed’s Kashkari open to holding rates steady in June, WSJ reports
(Reuters) – Minneapolis Fed President Neel Kashkari said that he could support holding interest rates steady at the central bank’s next meeting in June to give officials more time to assess the…
ECB needs to keep interest rates ‘sustainably high’ to combat inflation – Lagarde
By Jesús Aguado MADRID (Reuters) – The European Central Bank needs to keep interest rates high to curb inflation in the medium term, its president Christine Lagarde said on Friday, signalling more…
Marketmind: Rehash on rates ahead as ECB, BOE and Fed speak
A look at the day ahead in European and global markets from Vidya Ranganathan Several key central bankers, including Fed Chair Jerome Powell, appear at a variety of events today, ensuring investors…
RBNZ to hike rates one last time by 25 bps on May 24 – Reuters poll
By Devayani Sathyan BENGALURU (Reuters) – The Reserve Bank of New Zealand will hike interest rates by a final quarter point on Wednesday then end its most aggressive tightening cycle since adopting…
Fed’s Jefferson: Inflation “too high,” but impact of high rates not full felt yet
By Howard Schneider WASHINGTON (Reuters) – Federal Reserve Governor and vice chair nominee Philip Jefferson said progress on inflation may be slowing but said it was also too early in the policy…
Bank of Israel to raise rates 25 bps next week, may be last in cycle – Reuters poll
By Steven Scheer JERUSALEM (Reuters) – Israel’s central bank is expected to raise short-term interest rates by another quarter-point to a more than 16-year high next week, in what may be the…
Marketmind: Fed rates to stay higher for longer, debt drama goes on
(Reuters) – A look at the day ahead in U.S. and global markets from Samuel Indyk. The Federal Reserve is saying something and markets might finally be starting to listen. Tuesday’s plethora…
EU’s Gentiloni sees no risk of EU real estate or debt crisis as rates rise
BRUSSELS (Reuters) – Europe is not in danger of a real estate or debt crisis as a result of the rapid rise in European Central Bank interest rates, Economic Commissioner Paolo Gentiloni…
British home-buyers, facing higher interest rates, retreat in April – RICS
By Suban Abdulla LONDON (Reuters) – British property surveyors reported a drop in demand in April as new buyers turned more cautious ahead of the Bank of England’s latest expected interest rate…
Bank of England poised to raise rates again to tackle stubborn inflation
By William Schomberg LONDON (Reuters) – The Bank of England (BoE) is poised to raise borrowing costs for the 12th meeting in a row on Thursday, as it tries to tackle stubbornly…
U.S. home buyers persevere despite high rates, prices: study
By Nupur Anand NEW YORK (Reuters) – U.S. home buyers are still committed to their plans to buy a property despite rising interest rates, high inflation and slowing growth, according to a…
ECB may need to raise rates for longer than anticipated: Kazimir
FRANKFURT (Reuters) – The European Central Bank may need to raise interest rates for longer than currently anticipated, and September could be the earliest moment when policymakers can judge whether past rate…
Fed’s Bullard: ‘Open mind’ on June meeting, though rates still may need to rise
By Howard Schneider WASHINGTON (Reuters) – St. Louis Federal Reserve President James Bullard said on Friday he was ready to keep an “open mind” about whether to raise rates or hold them…
Euro zone bond yields and euro fall after ECB hikes rates
LONDON (Reuters) – Euro zone government bond yields fell along with the euro on Thursday after the European Central Bank raised interest rates by 25 basis points (bps), as expected. The two-year…
Taiwan central bank may keep raising interest rates, minutes show
TAIPEI (Reuters) – Taiwan’s central bank debated the need for further rate hikes this year to combat persistent inflation, minutes from its last board meeting showed on Thursday. The central bank, at…
Australia’s NAB warns of end to windfall from rising rates
By Byron Kaye and Himanshi Akhand (Reuters) – National Australia Bank Ltd, the country’s No. 2 lender, fell short of analyst forecasts in half-year profit released on Thursday and took a hit…
Fed Hikes Rates To Highest Levels Since Eve Of 2008 Financial Crisis
Fed Hikes Rates To Highest Levels Since Eve Of 2008 Financial Crisis Jason Cohen on May 3, 2023 The Federal Reserve hiked its benchmark federal funds rate by a quarter of a…
Russia to keep rates on hold in 2023 as economy grows marginally – Reuters poll
By Alexander Marrow and Elena Fabrichnaya (Reuters) – Russia will keep interest rates on hold at 7.5% in 2023 as inflation ends the year above target and the economy grows marginally, a…
Canada’s economy slowed in February, backing up pause on rates
By Ismail Shakil and Steve Scherer OTTAWA (Reuters) -The Canadian economy grew less than expected in February from the previous month and is seen shrinking in March, data showed on Friday, figures…
Breaking News
