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…
ECB may hike rates in July to combat extreme inflation -Schnabel
FRANKFURT -The European Central Bank may need to raise interest rates as soon as July to stop “extremely high” inflation from getting entrenched, ECB board member Isabel Schnabel told German newspaper Handelsblatt…
Russia to slash rates by year-end as rouble recovers
(Reuters) – Russia’s inflation this year could be lower than previously expected thanks to a recovery in the rouble, which should give the central bank room to cut interest rates amid a…
Norway rates to rise amid challenging trade-offs, central bank chief says
OSLO – Norwegian interest rates are set to rise amid strong domestic growth and a buildup of pressure in the economy, but the the war in Ukraine also raises uncertainty for the…
Norway’s central bank to hold rates next week, raise in June- Reuters poll
OSLO – Norway’s central bank will keep its benchmark interest rate on hold next week at 0.75% while confirming plans for a hike in June, a Reuters poll showed on Wednesday. Norges…
Higher rates, slowing China, risks to Latam and Caribbean growth – IMF
NEW YORK – The prospect of tighter financial conditions due to the war in Europe and a more hawkish Federal Reserve, alongside concern over a deceleration in China’s growth, are key risks…
U.S. homebuilders to feel pricing pinch from rising mortgage rates, inflation
By Kannaki Deka and Abhijith Ganapavaram (Reuters) – U.S. homebuilders will likely find it harder to raise home prices in the coming months as rising mortgage rates and inflation cut into demand,…
GM, Ford steer into the headwinds of inflation, rising rates
By Joseph White and Paul Lienert DETROIT – General Motors Co and Ford Motor Co will report first-quarter results this week in an environment that has become more hostile than executives projected…
Japan’s ex-PM Abe says ‘wrong’ for BOJ to hike rates to stem yen falls
TOKYO – Japan’s former Prime Minister Shinzo Abe said it would be “clearly wrong” for the Bank of Japan to raise interest rates to curb further declines in the yen, the Nikkei…
BOJ to keep ultra-low rates, dovish stance as inflation clouds recovery
By Leika Kihara TOKYO – The Bank of Japan is set to maintain ultra-low interest rates on Thursday and hold off from major tweaks to its dovish policy guidance, as rising raw…
Some Chinese state banks will cut deposit rates on Monday – sources
SHANGHAI – Some Chinese state banks, such as Bank of China and Bank of Communications, will cut deposit rate ceilings on Monday, joining smaller lenders, sources told Reuters. The planned cuts come…
U.S. child vaccination rates dip during pandemic -study
By Mrinalika Roy (Reuters) – Child vaccination rates in the United States fell during the COVID-19 pandemic as many children skipped doctors appointments and states eased vaccine requirements during remote learning, according…
Fed’s Evans repeats view he sees interest rates at neutral rate by year end
(Reuters) – The U.S. Federal Reserve should proceed sensibly in raising interest rates as it waits to see if special factors pushing up inflation begin to recede, Chicago Federal Reserve President Charles…
U.S. mortgage interest rates reach a 12 year high, demand falters
(Reuters) – The average interest rate on the most popular U.S. home loan climbed to a 12 year high last week and fewer homebuyers sought properties in a sign that the Federal…
China likely to lower benchmark lending rates after RRR cut – Reuters poll
SHANGHAI – Benchmark lending rates for China’s commercial banks are likely to be lowered at a monthly fixing on Wednesday, a Reuters survey showed, as Beijing cautiously eases monetary conditions to aid…
Fed’s Bullard wants to get rates up to 3.5% by year end
(Reuters) – U.S. inflation is “far too high,” St. Louis Federal Reserve Bank President James Bullard said on Monday as he repeated his case for increasing interest rates to 3.5% by the…
U.S. homebuilder sentiment drops to seven-month low amid surging mortgage rates
By Lucia Mutikani WASHINGTON – Confidence among U.S. single-family homebuilders fell to a seven-month low in April as surging mortgage rates and snarled supply chains boosted housing costs, shutting out some first-time…
Big U.S. banks see higher net interest income as rates rise
By Elizabeth Dilts Marshall NEW YORK – Wells Fargo & Co and JPMorgan Chase & Co reported a rise in net interest income in the first quarter, as the U.S. Federal Reserve’s…
New Zealand house prices fall as interest rates and inflation weigh
WELLINGTON – Tighter lending criteria and rising interest rates, coupled with inflation, continue to weigh on house prices and sales activity in New Zealand, the Real Estate Institute of New Zealand (REINZ)…
Fed’s Barkin says interest rates should be moved rapidly to neutral
(Reuters) – The U.S. Federal Reserve should quickly get interest rates up to a level where borrowing costs will no longer be stimulating the economy, and should raise them further if high…
BoK to pause in April but rates to go up every quarter – Reuters poll
By Shaloo Shrivastava BENGALURU – The Bank of Korea is likely to stand pat at its meeting this week as its committee awaits the appointment of a new governor, but it will…
Inflation, rising rates, war create uncertain outlook for U.S. earnings
By Caroline Valetkevitch NEW YORK – An aggressive Federal Reserve, soaring inflation and geopolitical uncertainty from the war in Ukraine are muddying the outlook for the upcoming U.S. earnings season, leaving some…
Japan finance panel warns on higher rates pushing up borrowing costs
TOKYO – An advisory panel to Japanese Finance Minister Shunichi Suzuki warned on Friday of a risk of a spike in interest payments on public debt and urged efforts to ensure sound…
RBNZ to raise rates by 25 bps on April 13, some call for 50- Reuters poll
By Devayani Sathyan and Vivek Mishra BENGALURU – New Zealand’s central bank will opt for a modest 25 basis point interest rate rise on April 13, but is set to raise by…
Bank of Canada to hike rates by 50 basis points in April- Reuters poll
By Shrutee Sarkar BENGALURU – The Bank of Canada will raise its overnight interest rate by 50 basis points at its next policy meeting on April 13, according to a majority of…
U.S. mortgage interest rates rise to 4.9% – MBA
(Reuters) – The average interest rate on the most popular U.S. home loan kept climbing last week to stay at more than a three year high, a survey showed on Wednesday, as…
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