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…
Marketmind: China rates eyed, oil hits new high
By Jamie McGeever (Reuters) – A look at the day ahead in Asian markets from Jamie McGeever, financial markets columnist. China is expected to keep benchmark lending rates unchanged on Wednesday, grabbing…
Fed to hold rates steady, but signal policy path in meeting this week
By Howard Schneider WASHINGTON (Reuters) – The U.S. Federal Reserve kicks off a two-day policy meeting on Tuesday with officials widely expected to keep interest rates on hold for now, but also…
Nearly half UK small firms feeling hit from higher rates – survey
LONDON (Reuters) – The higher cost of borrowing is hurting almost half of small firms in Britain, according to a survey published on Monday, ahead of an expected 15th back-to-back increase in…
Fed unlikely to raise rates in November, says Goldman Sachs
(Reuters) – The Federal Reserve is unlikely to raise interest rates at its Oct. 31-Nov. 1 meeting, Goldman Sachs strategists wrote on Saturday, while also forecasting the U.S. central bank would lift…
ECB raises rates to record high, signals end to hikes
LONDON (Reuters) -The European Central Bank raised its key interest rate to a record peak on Thursday and signalled this will likely be its final move in a more-than year-long fight against…
ECB raises rates but signals end of policy tightening
FRANKFURT (Reuters) – The European Central Bank raised interest rates for the 10th meeting in a row on Thursday to counter stubborn inflation but signalled that it is likely done tightening policy.…
UK house price gauge hits 14-year low as interest rates weigh – RICS
LONDON (Reuters) – British house prices showed the most widespread falls in 14 years in August as demand weakened against the backdrop of elevated mortgage costs and economic uncertainty, an industry survey…
‘Higher for longer’ rates remain a threat to U.S. stocks after inflation data
By David Randall NEW YORK (Reuters) – The latest U.S. inflation data is unlikely to ease worries over persistently high Treasury yields that have gnawed on stocks over the last few weeks,…
JPMorgan strategists say US stock valuations at risk from high interest rates
NEW YORK (Reuters) – After big gains for the U.S. stock market this year, equity valuations could come under pressure from high interest rates, based on historical relationships, JPMorgan strategists said on…
Brazil government expects rates to fall by at least 50 bps -minister
BRASILIA (Reuters) – The Brazilian government expects cuts of at least 50 basis points in the central bank’s benchmark interest rate over the remaining three meetings this year, aiming to end 2023…
Marketmind: Risk and rates moving in tandem
A look at the day ahead in U.S. and global markets from Mike Dolan Both long-term borrowing rates and riskier growth stocks of the Big Tech universe have climbed in tandem this…
Crisis-ridden Pakistan likely to raise rates, hike of at least 150 bps seen : Reuters poll
By Ariba Shahid KARACHI (Reuters) – Pakistan’s central bank is expected to hike rates when it meets to decide on policy on Thursday as it seeks to tackle sky-high inflation and bolster…
HSBC to raise mortgage rates in Hong Kong; property stocks fall
By Xie Yu and Selena Li HONG KONG (Reuters) -HSBC Holdings will raise its mortgage rates in Hong Kong by a maximum of 50 basis points, a spokesperson for the bank said…
BOJ head Ueda signals chance of ending negative rates – Yomiuri
By Leika Kihara TOKYO (Reuters) -Bank of Japan Governor Kazuo Ueda said the central bank could end its negative interest rate policy when achievement of its 2% inflation target is in sight,…
Fed policymakers to sit tight on rates, debate if more is needed
By Ann Saphir (Reuters) – Ahead of their policy-setting meeting this month, Federal Reserve policymakers have been pretty clear about two things: They are not itching to raise interest rates, but few…
Malaysia central bank keeps rates on hold as inflation, growth cool
By Rozanna Latiff and Danial Azhar KUALA LUMPUR (Reuters) – Malaysia’s central bank on Thursday kept its benchmark interest rate unchanged for the second straight meeting, as economic growth and inflation continued…
We’re still in a low rates, yields world: McGeever
By Jamie McGeever ORLANDO, Florida (Reuters) -If you think this time is different, and the post-2008 world of low interest rates and bond yields is over, think again. Markets may have spent…
ECB should raise rates next week, then pause, Kazimir says
FRANKFURT (Reuters) – The European Central Bank should raise interest rates next week, perhaps for the last time, Slovak policymaker Peter Kazimir said on Wednesday, just hours before the bank goes into…
Asset managers look to sell Hong Kong buildings as higher rates bite
By Clare Jim HONG KONG (Reuters) – Asset managers are increasingly looking to dispose of their commercial buildings in Hong Kong as rising interest rates take a toll on mortgage payments, which…
Malaysia central bank to hold rates at 3.0% through end-2024: Reuters poll
By Anant Chandak BENGALURU (Reuters) – Bank Negara Malaysia (BNM) will hold its key policy rate at 3.00% on Thursday, adopting the same no-change stance as most of its Asian peers amidst…
Bank of Israel holds interest rates, eyes turn to possible end of governor’s tenure
By Steven Scheer and Ari Rabinovitch JERUSALEM (Reuters) -The Bank of Israel left interest rates unchanged on Monday citing signs inflation is easing, but its decision was overshadowed by a report –…
Belgium raises record 22 billion euros from savers in ‘clear signal’ for higher bank rates
By Yoruk Bahceli BRUSSELS (Reuters) – Belgium has raised a record 21.9 billion euros ($23.65 bln) from savers in a bond sale designed to compete with bank deposits, a sign of growing…
Russia to keep double-digit rates well into 2024 as inflation quickens – Reuters poll
By Alexander Marrow and Elena Fabrichnaya (Reuters) – Accelerating inflation will force Russia to maintain double-digit interest rates deep into next year, a Reuters poll showed on Friday, while the rouble has…
IMF sees interest rates remaining high for ‘quite some time’ – Gopinath
By Andrea Shalal WASHINGTON (Reuters) – Emerging markets face a more volatile and uncertain future, and must rebuild fiscal buffers, boost revenues, diversify trade and gird for trillions of dollars in annual…
UK factory orders tumble in the face of higher rates – PMI
LONDON (Reuters) – British factories in August suffered their weakest month since early in the COVID-19 crisis, with orders shrinking dramatically due to the rise in interest rates at home and abroad,…
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