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…
Asian FX bulls firm as investors bet on rates peaking; eye cuts ahead-Reuters poll
By Rishav Chatterjee (Reuters) – Bullish bets firmed on most emerging Asian currencies as expectations of an end to U.S. interest rate hikes triggered an easing in the greenback, boosting investors’ appetite…
UK housing market stabilises but high rates still weigh: RICS
By Suban Abdulla LONDON (Reuters) – Britain’s property market saw some recovery in November as a surge in mortgage rates eased, but surveyors remain cautious about the year ahead, an industry survey…
Dow notches first record close in almost two years as Fed signals lower rates
By Noel Randewich (Reuters) -The Dow Jones Industrial Average on Wednesday notched its first record high close since January 2022 after the Federal Reserve signaled lower borrowing costs are coming in 2024.…
Moody’s sees negative outlook for Latin American companies on high rates, low growth
BOGOTA (Reuters) – Non-financial industry companies in Latin America are facing a negative outlook for next year because of continued high interest rates, slow regional economic growth and projected low prices for…
World Bank economist warns high interest rates will likely last longer
WASHINGTON (Reuters) – World Bank chief economist Indermit Gill on Wednesday said past experience showed that interest rates may stop going up, but they are unlikely to come down “anytime soon,” which…
Crypto market eyes interest rates and expected bitcoin ETFs in 2024
By Hannah Lang (Reuters) – After ending 2023 on a high, crypto investors will be watching central bank interest rates and a U.S. regulatory decision on new bitcoin products as they decide…
SNB to hold rates through at least September, longer than the ECB- Reuters poll
By Indradip Ghosh BENGALURU (Reuters) – The Swiss National Bank will hold its key policy rate until at least the third quarter of next year, longer than the European Central Bank, despite…
Pakistan cenbank to hold rates steady as inflation seen easing- Reuters poll
By Ariba Shahid KARACHI (Reuters) – Pakistan’s central bank is expected to hold its key rate steady at a fourth straight policy meeting on Tuesday, with inflation forecast to start easing in…
US mortgage rates fall to nearly 4-month low – Freddie Mac
(Reuters) – Interest rates on the most common type of U.S. home loan fell for a sixth straight week to the lowest in almost four months on the back of a bond…
Apartment REITs see silver lining as high mortgage rates force tenants to stay put
By Ananta Agarwal (Reuters) – Real estate investment trusts (REITs) that own and manage apartments are expected to see a bump in their revenue from a rise in renewed leases and rental…
Goldman Sachs sees ECB lowering rates by 25 bps in each meeting from April
(Reuters) – The European Central Bank (ECB) will cut interest rates by 25 basis points (bps) in each meeting starting April next year, Goldman Sachs wrote in a note on Thursday. Economists…
ECB to cut rates in Q2, earlier than thought; winter recession seen shallow- Reuters poll
By Prerana Bhat BENGALURU (Reuters) – The European Central Bank will cut interest rates in the second quarter of next year, earlier than previously thought, according to a slim majority of economists…
Fed to hold rates until at least July; first cut not start of stimulus wave: Reuters poll
By Prerana Bhat and Indradip Ghosh BENGALURU (Reuters) – The U.S. Federal Reserve will hold interest rates until at least July, later than earlier thought, according to a slim majority of economists…
Deutsche Bank expects ECB to cut rates by 150 bps in 2024
(Reuters) – Deutsche Bank said on Wednesday it expects the European Central Bank to cut interest rates by 150 basis points (bps) next year, 50 bps more than their earlier forecast, as…
Philippines central bank may pause or hike rates at next meeting -governor
MANILA (Reuters) – The governor of the Philippine central bank said on Wednesday it could either keep interest rates steady or raise them at its policy meeting next week. The central bank,…
Marketmind: Optimism over peaking rates propels stocks
A look at the day ahead in European and global markets from Kevin Buckland European stocks are set for a bullish start if they follow the Asia-Pacific lead, buoyed by a drop…
Fed, with rates at a peak, now looks at a hold and an eventual pivot lower
By Howard Schneider WASHINGTON (Reuters) – U.S. Federal Reserve officials appear on track to end the year with interest rate hikes as a thing of the past but with a coming challenge…
China has more space to cut reserve ratio instead of interest rates, says ex-official
BEIJING (Reuters) – China is likely to implement proactive fiscal policy next year as there is still a need for the world’s second-biggest economy to realise stable growth, a former central banker…
BoC to cut rates starting in Q2 2024, house prices seen flat in 2024: Reuters poll
By Mumal Rathore BENGALURU (Reuters) – The Bank of Canada will start cutting interest rates in the second quarter of next year as inflation and the economy slow, according to economists polled…
Traders bet Fed will hold rates steady, start cuts in May
(Reuters) – Traders on Thursday maintained bets the Federal Reserve will hold interest rates steady for three more meetings before starting to cut interest rates, after a government report showed inflation edging…
US Treasury yield curve to steepen next year as Fed cuts rates, says BofA
By Davide Barbuscia NEW YORK (Reuters) – The U.S. Treasury yield curve, which plots the yields of different government bond maturities, will likely steepen in 2024 as the Federal Reserve will start…
Investors exit clean energy funds as higher interest rates bite
By Bansari Mayur Kamdar (Reuters) – The biggest U.S. ETF tracking clean energy shares was on track for record annual outflows as a rapid rise in interest rates, surging raw materials costs…
Bank of Korea to hold rates at 3.50% until at least mid-2024: Reuters poll
By Devayani Sathyan BENGALURU (Reuters) – The Bank of Korea will hold its key policy rate at 3.50% when it meets on Thursday as inflation remains sticky, according to a Reuters poll…
Mexico central bank could ‘adjust’ rates in early 2024 if inflation eases, board member says
MEXICO CITY (Reuters) – Mexico’s central bank could “adjust” its interest rates by February or March 2024 if inflation continues to drop, board member Jonathan Heath said on Monday, added that a…
ECB must resist urge to cut rates early, Bundesbank chief says
FRANKFURT (Reuters) – The European Central Bank must resist any temptation to cut interest rates early as the most difficult part of fighting off the recent inflation surge could still be ahead,…
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