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…
Fed officials jack up rates, inflation outlook
(Reuters) – Federal Reserve officials on Wednesday ratcheted up their forecasts for where their target interest rate will be at the end of this year and next, and signaled they expect less…
Australian consumers in a dark mood as inflation, rates bite
SYDNEY – A measure of Australian consumer sentiment slid for a seventh straight month to match pandemic lows in June amid an outsized rise in interest rates and surging inflation. The Westpac-Melbourne…
Canada’s Trudeau says we’re watching rising interest rates ‘with concern’
OTTAWA – Canadian Prime Minister Justin Trudeau on Tuesday said his government was watching rising interest rates “with concern,” when asked about the impact higher borrowing costs are having on housing affordability…
Euro interbank borrowing rates see biggest daily surge in over 10 years
By Yoruk Bahceli (Reuters) -Euro area interbank borrowing rates saw their biggest daily jumps in over 10 years on Tuesday, reflecting huge increases in market expectations for European Central Bank rate hikes.…
Swiss National Bank to leave rates steady in June, raise 25 bps in Sept- Reuters poll
By Indradip Ghosh and John Revill BENGALURU/ZURICH – The Swiss National Bank will keep its negative policy interest rate unchanged on Thursday and will not raise it to zero until early next…
ECB’s Kazimir: we need to raise rates by 50 bps in September
(Reuters) – The European Central Bank needs to speed up the pace of interest rate tightening to 50 basis points in September after an initial hike of 25 basis points in July,…
BoE to raise rates 25 bps in June, stick to slow pace in coming months: Reuters Poll
(Reuters) – The Bank of England will raise interest rates in June by a modest 25 basis points and stick to those increments in coming meetings despite inflation running close to double-digits,…
German economy minister welcomes move to higher interest rates
BERLIN – German Economy Minister Robert Habeck on Monday welcomed the European Central Bank’s indication last week that it would deliver next month its first interest rate hike since 2011. “I think…
Russian central bank governor speaks after cutting interest rates
(Reuters) -Russian Central Bank Governor Elvira Nabiullina gave a news conference after the central bank cut its key interest rate to 9.5% on Friday. Nabiullina spoke in Russian. The quotes below were…
Bank of England set to raise rates again as inflation heads for 10%
By William Schomberg LONDON – The Bank of England looks set to raise interest rates next week for the fifth time since December, its steepest run of rate hikes in 25 years,…
Analysis-Buy Now Pay Later business model faces test as rates rise
By Elizabeth Howcroft LONDON – Reduced consumer spending, rising interest rates and trickier credit conditions spell trouble for Buy Now Pay Later lenders, raising the prospect of consolidation in the sector. Buy…
Citibank expects Swiss central bank to raise interest rates next week
LONDON – Citibank says it expects the Swiss National Bank to hike its key rate by 25 basis points when it meets next week. Swiss inflation rose in May by the most…
Bank of Canada: some Canadians could see mortgage payments jump by 45% in 2025-26 as rates rise
By David Ljunggren OTTAWA – Some Canadians who took out mortgages in 2020-21 could see their monthly payments jump by as much as 45% in 2025-26, given rising rates, according to a…
Australian lenders lift variable mortgage rates after RBA hike
(Reuters) – Australia’s major lenders raised their home loan variable interest rates on Wednesday by 50 basis points per annum, a day after the central bank surprised markets with its hawkish tone.…
Column-A ‘hurricane’ of double-digit default rates :Mike Dolan
By Mike Dolan LONDON – If indeed there is an economic hurricane coming, then someone should shake the junk bond market. JPMorgan boss Jamie Dimon publicly fretted last week that while the…
Liquidity withdrawal expected as India cenbank hikes rates on Wednesday
By Swati Bhat MUMBAI – Measures to tighten liquidity are expected to accompany a rise in Indian interest rates on Wednesday, adding upward pressure to bond yields and increasing the need for…
RBA to raise rates a modest 25 bps in June, some call for 40 bps – Reuters poll
By Devayani Sathyan BENGALURU – Australia’s central bank will raise rates by a modest 25 basis points for a second straight meeting in June, still opting to move more slowly than most…
Fed’s Daly: let’s get U.S. interest rates to 2.5% as quickly as we can
(Reuters) – The Federal Reserve should get interest rates up to a level that no longer stimulates the economy as quickly as possible including 50-basis-point hikes at the central bank’s next two…
Bank of Canada hikes rates to 1.5%, says will act ‘more forcefully’ if needed
OTTAWA, June 1 (Reuters)- The Bank of Canada on Wednesday raised its policy interest rate to 1.5% from 1.0%, its second consecutive 50-basis-point hike, and said it was prepared to act “more…
Canada housing boom to halt next year on higher mortgage rates – Reuters poll
By Shrutee Sarkar BENGALURU – Canadian house price inflation will slow to 10% this year as the Bank of Canada raises interest rates aggressively, a Reuters poll of property market experts found.…
U.S. house price inflation to cool as buyers sidelined by higher rates: Reuters poll
By Indradip Ghosh and Prerana Bhat BENGALURU – Burning U.S. house price inflation will cool to 10%, half its current rate this year, and slow further over the next two as already…
Fed’s Waller: If inflation doesn’t go away, we need to raise rates a lot higher
(Reuters) – The Federal Reserve needs to move interest rates much higher and soon if high inflation does not begin to subside, Fed Governor Christopher Waller said on Monday. “If inflation doesn’t…
Insurance rates jump for Ukraine war-exposed business, sources say
LONDON – Insurance premiums are doubling or more for some aviation and marine business particularly exposed to the war in Ukraine, increasing costs for airline and shipping firms, industry sources say. Global…
Analysis-Safe as houses? Rising rates test foundations of property boom
By Francesco Canepa and Julie Gordon (Reuters) – In Toronto’s far-flung suburbs, just a few months ago a typical three-bedroom house would have fetched 40 offers on bidding night and sold well…
Peak interest rates may be lower than expected as growth slowdown looms
By Sujata Rao and Saikat Chatterjee LONDON – Worsening economic data may force central banks to blink and take a less aggressive rate-rise stance, money markets are betting, having steadily dialled back…
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