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’s Powell says higher rates need to persist to affect Fed policy choices
By Michael S. Derby NEW YORK (Reuters) – Federal Reserve Chairman Jerome Powell said Wednesday that market borrowing costs would need to be sustainably higher for that to bear on future central…
Fed leaves rates unchanged, acknowledges strong economy
NEW YORK (Reuters) – The Federal Reserve held interest rates steady on Wednesday but left the door open to a further increase in borrowing costs in a policy statement that acknowledged the…
Norway to keep rates on hold this week, may hike in December: Reuters poll
OSLO (Reuters) – Norway’s central bank is expected to keep its key policy interest rate on hold this week but could hike borrowing costs again by the end of the year to…
Fed seen keeping rates on hold well into next year
Cooling inflation will likely keep the Federal Reserve on pause in coming months, traders bet on Friday, even as persistent underlying price pressures amid strong consumer spending kept some chance of a rate…
Traders boost bets Fed will keep rates on hold this year
(Reuters) – Despite a stronger-than-expected reading for third-quarter U.S. economic growth, traders on Thursday added to bets the Federal Reserve will keep policy on hold through this year and will begin interest…
BOJ to end negative interest rates in 2024, more economists say- Reuters poll
TOKYO (Reuters) – The Bank of Japan will end its negative interest rate policy next year, according to nearly two-thirds of economists in a Reuters poll, with more now saying the central…
Australia central bank sees risks on inflation, will not hesitate on rates
SYDNEY (Reuters) – Australia’s top central banker on Tuesday warned there were risks inflation would prove more stubborn than expected and that interest rates might have to rise further to bring it…
Fed’s Bostic: possible Fed could lower rates in late 2024 – CNBC
By Michael S. Derby NEW YORK (Reuters) – Federal Reserve Bank of Atlanta President Raphael Bostic said on CNBC Friday that while inflation remains too high it is coming down amid mounting…
U.S. Attorney’s Office Announces 60 Percent Increase In Day-of-Arrest Prosecution Rates
WASHINGTON – The U.S. Attorney’s Office for the District of Columbia today announced an increase of over 60 percent in the percent of cases charged by the Office in D.C. Superior…
Indonesia central bank unexpectedly raises rates amid falling rupiah
By Gayatri Suroyo and Stefanno Sulaiman JAKARTA (Reuters) – Bank Indonesia unexpectedly raised interest rates on Thursday to arrest the rupiah’s decline amid U.S. monetary tightening and rising geopolitical risks, with economists…
Factbox-Elon Musk on interest rates, uncertainty and Tesla’s costs
(Reuters) – Tesla CEO Elon Musk spent much of a call with analysts and investors on the electric car maker’s earnings discussing what he sees as the risks from high interest rates,…
Fed’s Barkin: can’t rely on tightening from long-term rates
(Reuters) – Richmond Federal Reserve Bank chief Thomas Barkin on Tuesday said that higher long-term borrowing costs are putting downward pressure on demand but it’s unclear how that will affect the central…
Bank of Israel hints in no rush to cut rates as this would stoke inflation
By Steven Scheer JERUSALEM (Reuters) – The Bank of Israel hinted on Tuesday that it was in no rush to lower interest rates despite Israel’s war with Hamas in Gaza, since doing…
Fed’s Harker says high interest rates closing off housing for new buyers
By Michael S. Derby NEW YORK (Reuters) – Philadelphia Federal Reserve President Patrick Harker said on Monday the current level of interest rates has nearly killed off access to the housing market…
Israeli lawmaker urges cbank to lower rates amid conflict
By Steven Scheer JERUSALEM (Reuters) – The head of Israel’s parliamentary finance committee on Monday called on Bank of Israel Governor Amir Yaron to lower short-term interest rates as one measure to…
How U.S. bank balance sheets have changed as Fed raises rates
(Reuters) – The Federal Reserve’s aggressive monetary policy tightening is prompting U.S. banks to slow the flow of credit and beef up cash levels after the panic in March when Silicon Valley…
World Bank’s Banga: Interest rates to stay higher for longer
MARRAKECH, Morocco (Reuters) – World Bank President Ajay Banga said on Wednesday interest rates will likely stay higher for longer and complicate investments for companies across the globe. He also told a…
Fed’s Bowman says it will likely be appropriate to raise rates again
(Reuters) – Federal Reserve Governor Michelle Bowman on Saturday repeated her view that inflation continues to be too high despite “considerable” progress in lowering it, and the U.S. central bank will likely…
S.Korean central bank governor sees risk of rates staying higher for longer
SEOUL (Reuters) – South Korea’s central bank governor said there was a high possibility interest rates would stay higher for longer and there was a need to improve the system to better…
Mortgage rates reach highest since November 2000 – MBA
By Amina Niasse NEW YORK (Reuters) – U.S. mortgage interest rates rose to the highest since November 2000 last week, helping to drive home loan application volumes to the lowest in 27…
Bumpy September for auto ETFs as UAW strike, higher rates weigh
By Bansari Mayur Kamdar (Reuters) – Exchange-traded funds tracking automakers saw net outflows last month on worries over the United Auto Workers’ (UAW) strike against the “Detroit Three” and higher interest rates.…
India cenbank seen holding rates steady Friday but striking hawkish tone
By Swati Bhat MUMBAI (Reuters) – India’s monetary policy committee is widely expected to keep key rates on hold when it announces its decision on Friday but the recent uptick in global…
Bank Indonesia official signals steady rates as authorities try to calm markets
By Stefanno Sulaiman JAKARTA (Reuters) – Bank Indonesia could maintain price stability with past rate hikes, a deputy governor said on Wednesday, signalling policy rates will be held steady again later this…
Russian central bank: High rates likely needed throughout 2024
By Elena Fabrichnaya MOSCOW (Reuters) -Russia will probably need to keep interest rates high throughout 2024, the Bank of Russia’s Deputy Governor Alexei Zabotkin said on Tuesday, addressing the upper house of…
Hungarian govt wants banks cap loan rates below central bank’s benchmark rate
BUDAPEST (Reuters) – Hungary’s government has asked banks to impose a voluntary cap on interest rates on new loans for households and companies from Oct. 9 to boost lending and support economic…
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