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…
TEXT-Australia central bank October statement on rates
SYDNEY, Oct 3 (Reuters) – Following is the text of the Reserve Bank of Australia’s statement on Tuesday after its monthly monetary policy meeting. At its meeting today, the Board decided to…
Fed’s Barr says his focus is on how long to hold rates high
(Reuters) – Federal Reserve Vice Chair for Supervision Michael Barr on Monday said the U.S. central bank should proceed “carefully” on monetary policy, adding that his focus is less on how much…
What could break under higher-for-longer interest rates?
LONDON (Reuters) – As the final stretch of the year approaches, there’s relief in markets that the sharpest global monetary tightening cycle in decades is finally nearing an end. Yet, the strain…
RBA to hold rates at 4.10% in Oct, deliver one final hike by end-2023: Reuters poll
By Anant Chandak BENGALURU (Reuters) – Australia’s central bank will hold its key interest rate steady at 4.10% on Tuesday but hike it to a peak of 4.35% next quarter as inflation…
UK home-buyer demand inches up as mortgage rates fall: Zoopla
By David Milliken LONDON (Reuters) – More Britons made enquiries with estate agents about potential house purchases over the past four weeks as mortgage rates started to fall, breaking a downward trend…
Analysis-Harsh reality of ‘higher-for-longer’ rates looms over US stocks
By Lewis Krauskopf, David Randall and Carolina Mandl NEW YORK (Reuters) – As the Federal Reserve’s hawkish stance boosts Treasury yields and slams stocks, some investors are preparing for more pain ahead.…
Borrowing pressures to push European default rates to 3.75%-5.5% – S&P Global
By Marc Jones LONDON (Reuters) -Higher interest rates and a near stalling of Europe’s economy will put pressure on the credit ratings of the region’s companies, property firms and banks and drive…
Fed’s Kashkari: 40% chance of needing ‘meaningfully’ higher rates
By Ann Saphir (Reuters) -A “soft landing” for the U.S. economy is more likely than not, Minneapolis Federal Reserve Bank President Neel Kashkari said on Tuesday, but there is also a 40%…
Bank of England to leave rates on hold through mid-2024, cut in Q3: Reuters poll
By Shaloo Shrivastava BENGALURU (Reuters) – The Bank of England has concluded its tightening cycle and will likely keep the Bank Rate at 5.25% until at least July, a Reuters poll of…
BOJ may hold off on ending negative rates until April – ex-board member
By Leika Kihara TOKYO (Reuters) – The Bank of Japan may hold off on ending negative interest rates until around April next year to gauge whether wage gains will broaden enough to…
ECB needs to be cautious about doing too much on rates – Villeroy
PARIS (Reuters) – The European Central Bank has reached the point where it needs to be wary of raising interest rates too high and should try to avoid a hard landing of…
Ghana to hold rates at 30.00% on Sept.25 as inflation falls – Reuters poll
By Vuyani Ndaba JOHANNESBURG (Reuters) – The Bank of Ghana is expected to complete its hiking cycle later on Monday as its economy shows signs of falling inflation after 1,650 basis points…
Thailand central bank to hold rates in Sept after seven straight hikes – Reuters poll
By Anant Chandak and Susobhan Sarkar BENGALURU (Reuters) – Thailand’s central bank will leave its key policy rate unchanged at 2.25% on Wednesday and likely through 2024, marking an end to a…
Trudeau expects Canadian interest rates to come down by mid 2024
(Reuters) – Canadian Prime Minister Justin Trudeau expects interest rates are going to start coming down by the middle of next year, in-line with recent Reuters poll estimates, though the latest economic…
Real estate stocks extend losses as rates soar
By Sinéad Carew (Reuters) – Shares in real estate companies fell on Friday, adding to a massive sell-off the previous day, when bond yields jumped to their highest levels in 16 years…
Fed’s Daly says she is not sure if need to hold rates, or go higher
(Reuters) – San Francisco Federal Reserve Bank President Mary Daly on Friday said that while the recent drop in inflation and the gradual rebalancing of the labor market is “unequivocally” good news,…
Hedge fund manager Bill Ackman sees U.S. long-term rates rising
(Reuters) – Billionaire investor Bill Ackman said he believed 30-year interest rates would rise further, while his Pershing Square Capital Management hedge fund remains short on bonds, as he sees inflation remaining…
BOJ keeps ultra-low interest rates, dovish policy guidance
TOKYO (Reuters) – The Bank of Japan maintained ultra-low interest rates on Friday and its dovish guidance on future monetary policy, signalling it is in no rush to phase out its massive…
Portugal approves 30% cut in mortgage rates for struggling borrowers
By Sergio Goncalves LISBON (Reuters) -Portugal’s government said on Thursday that banks must discount the benchmark six-month Euribor rate by 30% when calculating mortgage interest rates if asked to do so by…
Instant View: SNB leaves rates unchanged, Sweden and Norway hike again
LONDON (Reuters) – In a big day for central banks across Europe on Thursday, Switzerland shocked markets by leaving its interest rates unchanged, while Sweden and Norway met expectations with a quarter-point…
Analysis-Fed’s hawkish stance spooks investors, though some say peak rates near
By Davide Barbuscia and David Randall NEW YORK (Reuters) – The Federal Reserve’s plans for a prolonged period of elevated interest rates could continue pressuring stocks and bonds in coming months, though…
BOJ will end negative interest rates in 2024, most economists say: Reuters poll
By Kantaro Komiya TOKYO (Reuters) – The Bank of Japan will end its negative interest rate policy next year, the majority of economists said in a Reuters poll, as the market has…
Colombia finance minister to insist central bank start cutting rates
BOGOTA (Reuters) – Colombian Finance Minister Ricardo Bonilla, who is also a director of the country’s central bank, said on Wednesday he will ask the board to start cutting the benchmark interest…
Bad moment to hike rates as Russia’s growth stimuli sputter – economists
By Darya Korsunskaya and Alexander Marrow (Reuters) – Double-digit interest rates and the possibility of more hikes down the road have come at a bad moment for Russia’s economy as the impact…
UK pay deals lose more steam as Bank of England meets on rates
LONDON (Reuters) – Pay deals awarded by British employers lost more of their inflationary heat, according to data published on Wednesday, a day before the Bank of England announces whether it is…
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