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…
Polish central banker says there are reasons to cut interest rates
WARSAW (Reuters) – If the downward trend in inflation continues and other macroeconomic factors do not change radically, there are reasons to discuss lowering interest rates, Polish central banker Gabriela Maslowska was…
Fed expected to hold interest rates steady next month
(Reuters) – Traders kept bets the Federal Reserve will leave its benchmark interest rate in its current range of 5.25%-5.5% next month after data Thursday showed inflation rose in July as expected,…
Marketmind: Rates dice, AI arms race and G20 snub
A look at the day ahead in U.S. and global markets from Mike Dolan World markets are ending a bumpy August in better sharp that the dire first half of the month…
Fed’s Bostic says U.S. interest rates are high enough
(Reuters) – Atlanta Federal Reserve Bank President Raphael Bostic laid out a case on Thursday against any further U.S. interest rate hikes, saying monetary policy is already tight enough to bring inflation…
Fed can stop hiking rates if economy slows at current pace, Rosengren says
By Lisa Pauline Mattackal (Reuters) – The Federal Reserve can end its interest rate hiking cycle if the labor market and economic growth continue to slow at the current gradual pace, the…
‘Stunned’: Suicide Rates Among Post-9/11 Veterans Soared Tenfold In 15 Years, Study Finds
‘Stunned’: Suicide Rates Among Post-9/11 Veterans Soared Tenfold In 15 Years, Study Finds Micaela Burrow on August 28, 2023 Suicide rates among veterans of the wars in Iraq and Afghanistan since 9/11…
J.P.Morgan now expects ECB to pause, not raise, rates in September
(Reuters) – J.P.Morgan said on Wednesday it now expects the European Central Bank to pause its tightening cycle in September as euro zone business activity contracted much more than expected, pointing to…
Japan’s Mizuho holds off on JGBs given potential end to negative rates -senior executive
By Makiko Yamazaki and Ritsuko Shimizu TOKYO (Reuters) – Japan’s Mizuho Financial Group is holding off on buying government bonds as a sustained economic recovery may prompt the central bank to exit…
Bank of Korea seen on hold for rest of year, to cut rates early in 2024 : Reuters poll
By Anant Chandak BENGALURU (Reuters) – The Bank of Korea will leave its key policy rate unchanged at 3.50% for a fifth consecutive meeting on Thursday and hold it steady for the…
Mortgage Rates Reach A 20-Year High Following Interest Rate Hikes
Mortgage Rates Reach A 20-Year High Following Interest Rate Hikes Will Kessler on August 17, 2023 The average 30-year fixed-rate mortgage hit a 20-year high on Thursday following interest rate hikes and…
Philippines central bank keeps rates steady, but ready to resume hikes if needed
By Neil Jerome Morales and Enrico Dela Cruz MANILA (Reuters) -The Philippine central bank left its benchmark interest rate steady at 6.25% for a third straight meeting on Thursday, saying it needed…
Kashkari: not ready to say Fed is done raising rates
By Ann Saphir (Reuters) -Minneapolis Federal Reserve President Neel Kashkari on Tuesday said that while the U.S. central bank has made some progress in its inflation fight, interest rates may still need…
Hedge funds land bonuses despite returns below bank savings rates -Goldman
By Nell Mackenzie LONDON (Reuters) – Most investors still award bonuses to hedge funds even if their investments do not earn as much as a bank savings account would, Goldman Sachs said…
Instant view: Russia’s central bank hikes rates to 12% at extraordinary meeting
LONDON (Reuters) – Russia’s central bank jacked up its key interest rate by 350 basis points to 12% on Tuesday, an emergency rate move to try and halt the rouble’s recent slide…
Philippine central bank to hold rates at 6.25%, cut in Q1 2024: Reuters poll
By Veronica Dudei Maia Khongwir BENGALURU (Reuters) – The Philippine central bank will leave its key interest rate unchanged at 6.25% for a third consecutive meeting on Thursday and keep it there…
American Students Are Now Absent At Record Rates After Missing Months Of Classroom Instruction During The Pandemic
American Students Are Now Absent At Record Rates After Missing Months Of Classroom Instruction During The Pandemic Reagan Reese on August 11, 2023 American students have been missing class at record rates…
US mortgage delinquency rates fall to all-time low
By Safiyah Riddle (Reuters) – U.S. mortgage delinquency rates fell to a record low in the second quarter due to a strong job market and low interest rates prevailing on most home…
Daly: Premature to say if Fed has done enough on rates
(Reuters) – San Francisco Federal Reserve Bank President Mary Daly on Thursday said that while recent inflation data is moving in the right direction, more progress is needed before she would feel…
UK RICS house price gauge falls to lowest since 2009 as interest rates rise
By David Milliken LONDON (Reuters) – British house prices saw the most widespread falls since 2009 last month as interest rates hit a 15-year high, while rents surged by the most since…
U.S. mortgage rates spike to highest since November, approach 22-year high
By Safiyah Riddle (Reuters) – The average U.S. 30-year mortgage rate jumped to a nine-month peak on Wednesday and hit the second-highest rate since 2001, as interest rates reacted sharply to a…
NatWest cuts forecast peak for BoE rates to 5.5% from 6%
LONDON (Reuters) – NatWest Markets cut its forecast for the peak in Bank of England interest rates to 5.5% after the BoE’s announcement of a latest rate hike and new guidance on…
ECB’s Panetta backs keeping rates high over more hikes
FRANKFURT (Reuters) – European Central Bank board member Fabio Panetta made the case on Thursday for keeping the ECB’s interest rates at their current high level for longer, rather than raising them…
Bank of England set to raise rates for 14th time in a row
By David Milliken LONDON (Reuters) – The Bank of England is expected to raise interest rates to a 15-year high of 5.25% from 5% on Thursday, though there is a risk of…
Israel judicial plan, higher interest rates pose risk for financial system -regulator
By Steven Scheer JERUSALEM (Reuters) – The Bank of Israel on Wednesday warned of risks to the stability of the banking system due to possible economic consequences from the government’s plan to…
RBI to hold rates at 6.50% through Q1 2024, cut in April-June: Reuters poll
By Milounee Purohit and Anant Chandak BENGALURU (Reuters) – The Reserve Bank of India (RBI) will hold its key interest rate at 6.50% through end-March 2024, according to a Reuters poll of…
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