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 could raise interest rates back to zero this year – Wunsch
FRANKFURT – The European Central Bank could raise interest rates back to zero already this year to fight high inflation, Belgian central bank chief Pierre Wunsch said in a magazine interview, joining…
ECB expects to hike rates after ending bond buys in Q3: Schnabel
By Francesco Zecchini CERNOBBIO, Italy – The European Central Bank plans to raise interest rates some time after winding down its bond purchase programme in the third quarter of this year, ECB…
Personal Touch, Helping Policyholders in Time of Need, and Affordable Rates are Keys to 60 Years of Success for Mercury Insurance
One of the best insurance companies in America, according to Forbes, continues its mission of providing high quality protection at affordable rates LOS ANGELES, April 1, 2022 — Mercury Insurance sold its first…
U.S. mortgage rates jump by the most in 11 years -MBA
(Reuters) – The interest rate on the most popular U.S. home loan jumped last week by the most in 11 years as bond market investors rapidly repositioned for the Federal Reserve to…
Facebook advertisers can pursue class action over ad rates
(Reuters) – A U.S. judge ruled on Tuesday that a lawsuit accusing Meta Platforms Inc’s Facebook of deceiving advertisers about its “potential reach” tool can proceed as a class action. The decision…
Czech central bank seen raising rates to highest since 2001: Reuters poll
PRAGUE – The Czech National Bank is set to raise its main rate by 50 basis points to 5.00% on March 31, a Reuters poll showed on Tuesday, which would be the…
Canada’s red-hot housing markets hint at cooldown as higher rates, inflation bite
By Nichola Saminather and Julie Gordon TORONTO – Toronto realtor Nasma Ali has noted a marked slowdown in housing demand in the red-hot Greater Toronto Area over the past few weeks, which…
BOK chief reiterates need to further adjust rates as end of term nears
SEOUL – South Korea’s central bank chief reiterated on Wednesday the need to further raise the bank’s policy interest rate as the economy struggles to tame red-hot inflation and amid rising uncertainties…
Bank of Mexico seen raising rates in response to Fed hike, inflation-Reuters poll
MEXICO CITY – Mexico’s central bank is set to raise its benchmark interest rate this week for the seventh consecutive time, following in the footsteps of the U.S. Federal Reserve as inflation…
Fed open to speedier interest rates hikes if high inflation persists – Powell
– Federal Reserve policymakers will consider speeding up the pace of interest rate hikes this year should high inflation not begin to abate, Federal Reserve Chair Jerome Powell said on Monday. “The…
Fed may have to be more aggressive after hiking rates this year, Kashkari says
By Ann Saphir – The Federal Reserve should raise its policy rate to the range of 1.75% to 2% this year, Minneapolis Fed President Neel Kashkari said on Friday, and at least…
British pound drops after BoE hikes rates by 0.25%
LONDON – The British pound reversed its earlier gains and fell on Thursday, as investors interpreted a Bank of England 8-1 vote in favour of raising interest rates by 0.25% to be…
Gulf central banks follow Fed to raise key rates by 25 bps
CAIRO -Gulf central banks on Wednesday raised their main interest rates by a quarter percentage point in lockstep with the U.S. Federal Reserve as it began a monetary tightening cycle in a…
Federal Reserve Hikes Interest Rates For First Time In Three Years
Federal Reserve Hikes Interest Rates For First Time In Three Years Harry Wilmerding on March 16, 2022 The Federal Reserve announced Wednesday it would increase interest rates in a series of hikes…
‘Significant Uncertainty’: Mortgage Demand Plummets Amid Sky-High Rates, Massive Inflation
‘Significant Uncertainty’: Mortgage Demand Plummets Amid Sky-High Rates, Massive Inflation Harry Wilmerding on March 16, 2022 Mortgage demand plummeted in mid March after a sharp increase in rates and inflation, the Mortage…
U.S. Treasury yields push to new highs as Fed looks set to hike rates
LONDON – U.S five and 10-year Treasury yields rose to their highest levels in almost three years on Tuesday, ahead of a widely-anticipated rate hike from the Federal Reserve. Five-year Treasury yields…
Central Bank Expected To Raise Interest Rates Wednesday
Central Bank Expected To Raise Interest Rates Wednesday Harry Wilmerding on March 14, 2022 The Federal Reserve is expected to raise interest rates after its meeting Wednesday to combat the country’s soaring…
Ex-PBOC adviser expects China to cut rates further – China Securities Journal
SHANGHAI – China will further cut interest rates to stabilise the economy, as shrinking China-U.S. yield spreads won’t change Beijing’s monetary policy loosening bias, the China Securities Journal reported on Monday, citing…
ECB won’t raise rates until some time after net bond buying ends -Lagarde
FRANKFURT – The European Central Bank has no intention of raising interest rates until some time after it has ended its bond buying at the end of the third quarter, ECB President…
Vaccines, Masks, Staying At Home Did Not Make Major Difference In COVID Rates, NYT Says
Vaccines, Masks, Staying At Home Did Not Make Major Difference In COVID Rates, NYT Says Laurel Duggan on March 9, 2022 The New York Times said vaccinations, booster shots and masks have…
Fed to raise rates, won’t be as restrictive as ’90s: Evans
By Ann Saphir – Federal Reserve Bank of Chicago President Charles Evans on Friday said the U.S. central bank is on track to raising rates this year, though it may be “more…
Sri Lanka central bank hikes rates to tame inflation; urges govt to act
By Uditha Jayasinghe and Swati Bhat COLOMBO – Sri Lanka’s central bank sharply raised interest rates on Friday to staunch growing inflationary pressures and urged the government to consider measures including curbing…
BoE’s Cunliffe says Russia crisis will add to risks from rates shift
By William Schomberg LONDON -Bank of England Deputy Governor Jon Cunliffe said the crisis triggered by Russia’s invasion of Ukraine would add to risks in financial markets which have already been made…
Malaysia central bank to wait until third quarter to raise rates – Reuters poll
By Devayani Sathyan BENGALURU – Malaysia’s central bank will wait until the third quarter before raising interest rates from a record low to support an uneven economic recovery, according to a Reuters…
Russia’s VTB to hike mortgage rates by four percentage points to 15.3%
MOSCOW – Russia’s No. 2 lender VTB will hike mortgage rates by four percentgae points to 15.3% from Feb. 28, it said on Sunday, with harsh new Western sanctions forcing the bank…
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