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…
U.S. mortgage interest rates remain at highest level since November – MBA
(Reuters) – The average interest rate on the most popular U.S. home loan remained last week at its highest level since November as stronger-than-expected readings on inflation, job gains and consumer spending…
ECB may need big rates hikes beyond March, steeper QT from July, Nagel says
FRANKFURT (Reuters) – The European Central Bank may need significant rate hikes beyond March and should accelerate the rundown of its oversized bond portfolio to fight stubbornly high inflation, Bundesbank President Joachim…
BOJ policymaker calls for keeping ultra-low rates, sees risks balanced
By Leika Kihara FUKUSHIMA, Japan (Reuters) -Bank of Japan (BOJ) board member Junko Nakagawa said on Wednesday the central bank must maintain ultra-loose monetary policy for the time being, as the economy…
Goldman Sachs expects ECB to raise rates by 50 bps in May meeting
(Reuters) – Goldman Sachs raised its estimate for peak interest rate hike by the European Central Bank for the second time in as many weeks, saying it now expects rates to go…
Factbox-Fed rate watch: Wall Street banks see longer hike cycle, higher rates
(Reuters) – As the U.S. economy holds up better than expected in the face of aggressive interest rate hikes, markets have started pricing in a higher peak rate as the Federal Reserve…
Fed might raise policy rates to 6% – BofA
(Reuters) – The U.S. Federal Reserve may hike interest rates to nearly 6%, BofA Global Research said, as strong U.S. consumer demand and a tight labor market would force the central bank…
Banks pile into euro zone bond sales as rates shoot up
By Yoruk Bahceli (Reuters) – Banks are becoming the leading buyers of some euro zone governments’ bond sales, taking advantage of surging interest rates as the European Central Bank looks to reduce…
U.S. mortgage interest rates jump to highest level since November – MBA
(Reuters) – The average interest rate on the most popular U.S. home loan rose last week to its highest since November as bond markets took fright that the Federal Reserve might have…
Sticky inflation to nudge Reserve Bank of India to hike rates once more – Reuters poll
By Madhumita Gokhale and Sujith Pai BENGALURU (Reuters) – The Reserve Bank of India will increase its main interest rate by 25 basis points to 6.75% in April and then pause until…
Goldman Sachs expects ECB to raise rates thrice this year
(Reuters) – Goldman Sachs said it was expecting the European Central Bank to raise interest rates thrice this year, taking the terminal rate to 3.5% from 3.25% estimated earlier. In a note…
Marketmind: China to keep calm on rates
By Jamie McGeever (Reuters) – A look at the day ahead in Asian markets from Jamie McGeever. Three central bank policy decisions dominate the economic calendar in Asia this week, as investors…
Analysis-European firms strike high-stakes bond deals as interest rates rise
By Pablo Mayo Cerqueiro and Chiara Elisei LONDON (Reuters) – European firms are selling debt that can be converted into their own shares at an unrelenting pace, as they seek shelter from…
RBNZ to hike rates 50bps on Feb. 22, another 50bps due by mid-year: Reuters poll
By Devayani Sathyan BENGALURU (Reuters) – New Zealand’s central bank will scale down its tightening campaign only slightly with a half-point interest rate hike to 4.75% on Wednesday as inflation is still…
Indonesia central bank holds rates after months of hikes, plays down need for more tightening
By Gayatri Suroyo and Fransiska Nangoy JAKARTA (Reuters) – Indonesia’s central bank kept its key interest rate unchanged on Thursday, pausing after six consecutive hikes and stressing that the current level should…
Australian consumers shell-shocked as interest rates climb
SYDNEY (Reuters) – Australian consumer sentiment took a dark turn last week after the country’s central bank raised interest rates to a decade high and warned yet more pain lay ahead for…
Veteran ruling party lawmaker Amari warns BOJ against raising rates
TOKYO (Reuters) – Japan has yet to see economic conditions fall into place for the central bank to raise interest rates, Akira Amari, a veteran ruling party lawmaker, told Reuters on Wednesday.…
Analysis-Rebounding yields could scuttle U.S. stock rally as Powell stays firm on rates
By Lewis Krauskopf NEW YORK (Reuters) – The fate of an early year rally in stocks may depend on whether equities can withstand a recent rise in U.S. Treasury yields, as investors…
Thai central bank to help vulnerable debtors as rates rise
BANGKOK (Reuters) – Thailand’s central bank will support vulnerable debtors from the impacts of rising interest rates, a deputy governor said on Tuesday. There will be assistance in line with debtors’ debt…
Marketmind: Rates start to bite
By Jamie McGeever (Reuters) – A look at the day ahead in Asian markets from Jamie McGeever. Asian stocks on Tuesday come off the back of their worst day since June hoping…
What is Bank of England watching as it considers peak in rates?
By Andy Bruce MANCHESTER, England (Reuters) – The Bank of England has signalled the tide is turning in its battle against high inflation after a series of interest rate hikes – but…
RBA to lift rates 25 bps on Feb 7, once more to 3.60% in March: Reuters poll
By Devayani Sathyan and Sujith Pai BENGALURU (Reuters) – The Reserve Bank of Australia will deliver a fourth successive quarter-point interest rate hike on Tuesday and is likely to follow up with…
Czech central bank signals rates to stay elevated, welcomes strong crown
By Robert Muller and Jan Lopatka PRAGUE (Reuters) – The Czech National Bank (CNB) left interest rates unchanged at a more than two-decade high on Thursday, saying rate stability for longer was…
ECB hikes rates, promises another 50 bps more in March
FRANKFURT (Reuters) – The European Central Bank raised interest rates for the fifth successive time on Thursday and signalled another half a percentage point increase for March, pressing ahead with policy tightening…
Fed Hikes Interest Rates To Highest Levels In 15 Years
Fed Hikes Interest Rates To Highest Levels In 15 Years John Hugh DeMastri on February 1, 2023 The Federal Reserve raised its target federal-funds interest rate by a quarter percentage point Wednesday,…
Fed’s Powell: Possible fed could raise rates beyond December forecast
NEW YORK (Reuters) – Federal Reserve Chairman Jerome Powell said on Wednesday he is not fully sure where the central bank will stop with rate rises as it presses forward with its…
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