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…
Bank of Canada seen keeping rates on hold as inflation remains above target
By Promit Mukherjee OTTAWA (Reuters) – The Bank of Canada (BoC) is expected to keep its overnight rate on hold on Wednesday when it also releases new inflation and growth forecasts that…
Bank of England may start cutting interest rates in Q2 as inflation eases- Reuters poll
By Jonathan Cable LONDON (Reuters) – It is a close call whether the Bank of England starts trimming borrowing costs next quarter or in July-September, a Reuters poll found, with only a…
Talk in Davos of ‘high for longer’ as CEOs wrestle with rates
By Divya Chowdhury and Lisa Pauline Mattackal DAVOS, Switzerland (Reuters) – Business leaders and financiers in Davos this week said they are preparing for “high for longer” borrowing costs, despite markets betting…
Malaysia central bank likely to keep rates untouched until at least 2026
By Susobhan Sarkar and Indradip Ghosh BENGALURU (Reuters) – Bank Negara Malaysia (BNM) will leave its overnight policy rate (OPR) unchanged at 3.00% on Jan. 24 and hold it there until at…
US mortgage rates fall to 8-month low, says Freddie Mac
By Amina Niasse NEW YORK (Reuters) – U.S. mortgage rates fell this week to the lowest since May 2023, Freddie Mac reported on Thursday, providing a possible boost to buyer traffic in…
J.P.Morgan now expects BoE to start cutting interest rates in August
(Reuters) – J.P.Morgan said on Thursday it expects the Bank of England to start cutting interest rates in August this year, citing a possible easing in inflation and optimism about a soft…
ECB’s Villeroy: no rush to cut rates, we should be patient
PARIS (Reuters) – Even though the next move of the European Central Bank (ECB) will likely be an interest rate cut, there is no rush to do this and the ECB is…
ECB’s Nagel says too early to discuss cutting rates
FRANKFURT (Reuters) – It is too early for the European Central Bank to discuss cutting interest rates because inflation remains high, ECB policymaker Joachim Nagel said on Monday. The Bundesbank president, a…
Mortgage rates tick up for a second week -Freddie Mac
By Amina Niasse NEW YORK (Reuters) – Mortgage rates edged higher for a second week, a survey released on Thursday showed, but they remain near the lowest levels since early last summer,…
ECB can move early on rates if inflation falls quickly: Vujcic
FRANKFURT (Reuters) – Euro zone inflation is developing as expected which warrants patience with rate cuts, but policymakers could act quickly if price growth takes an unexpected dive in the coming months,…
US homebuyer confidence up in December; more see loan rates falling
By Amina Niasse NEW YORK (Reuters) – U.S. homebuyer confidence improved in December, with more homeowners anticipating that mortgage rates would fall further this year, but it could take sometime for housing…
Turkish banks trim deposit rates as margins pressured -sources
By Ebru Tuncay ISTANBUL (Reuters) – Some Turkish banks have begun to cut their lira deposit rates to ease pressure on margins, banking sources said, after rising interest rates during the central…
Philippine inflation at near 2-year low but rates likely to stay elevated
By Neil Jerome Morales and Mikhail Flores MANILA (Reuters) – Philippine inflation slowed to its weakest in nearly two years in December but full-year readings remained outside the central bank’s target zone,…
Dealmakers bank on stable rates to revive Asian dollar bond issuance in 2024
By Scott Murdoch SYDNEY (Reuters) – Asia’s dealmakers are hoping for a 10% increase in dollar bond issuance in 2024 as interest rates stabilise and companies beef up borrowing to fund capital…
Australian home prices surged 8% in 2023 but rates, inflation cloud outlook
SYDNEY (Reuters) – Australian home prices rose last year, a significant turnaround from the 5% dip seen in 2022, but interest rate hikes and persistent cost of living pressures have somewhat slowed…
Americans’ Finances Took A Beating In 2023 Amidst Persistent Inflation And High Interest Rates
Americans’ Finances Took A Beating In 2023 Amidst Persistent Inflation And High Interest Rates Will Kessler on December 30, 2023 Americans are struggling economically going into 2024, as harsh economic conditions in…
Russia’s economic growth to slow in 2024 as high interest rates linger: Reuters poll
By Alexander Marrow (Reuters) – Russia’s economic growth is set to slow in 2024, hampered in particular by double-digit interest rates throughout the year as the Bank of Russia seeks to subdue…
Mortgage rates continue to soften – Freddie Mac
By Amina Niasse NEW YORK (Reuters) – Mortgage rates fell to a six-month low this week to the lowest figure since June, indicating relief has come to prospective buyers on the back…
Fed’s Harker open to lowering interest rates, but not imminently
By Michael S. Derby NEW YORK (Reuters) – Philadelphia Federal Reserve President Patrick Harker on Wednesday said he still opposes any further U.S. central bank interest rate hikes, while signaling openness to…
China leaves lending benchmark rates unchanged as expected
SHANGHAI/SINGAPORE (Reuters) – China stood pat on benchmark lending rates at the monthly fixing on Wednesday, matching market expectations, after the central bank kept its medium-term policy rate steady earlier last week.…
Egypt seen keeping interest rates on hold on Thursday, poll shows
CAIRO (Reuters) – The Central Bank of Egypt (CBE) is likely to leave its overnight interest rates fixed at a policy meeting on Thursday, even though economic reforms are expected in the…
US homebuilder confidence brightens as interest rates ease – NAHB
By Amina Niasse NEW YORK (Reuters) – U.S. homebuilder confidence rose in December, indicating easing interest rates may be bolstering sales conditions for builders who had struggled to attract prospective buyers amid…
Higher rates trigger big retreat in global non-bank sector
By Huw Jones LONDON (Reuters) – Multi-trillion dollar non-banking finance saw its first major retreat last year since the global financial crisis in 2009, with the shrinkage due to higher interest rates…
US mortgage rates fall below 7% for first time since August
(Reuters) – The average interest rate on the most popular U.S. home loan fell this week to below 7% for the first time since August as Treasury market yields dropped sharply after…
Instant view: ECB leaves rates at 4%, flags early end to bond buys
LONDON (Reuters) – The European Central Bank left interest rates unchanged as expected on Thursday and signalled an early end to its last remaining bond purchase scheme, which helped support the euro.…
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