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…
Yellow Corp demise seen boosting rates for rival US truckers
By Lisa Baertlein LOS ANGELES (Reuters) – The operational shutdown of Yellow Corp, a major U.S. trucking firm, should help prop up industry rates that tumbled after the cargo bubble of the…
Russia to raise rates past 9% this year under persistent inflation pressure: Reuters poll
By Alexander Marrow and Elena Fabrichnaya (Reuters) – Gradually quickening inflation will force the Bank of Russia to hike interest rates again this year, a Reuters poll showed on Monday, and the…
RBA to hike rates once more by 25 bps in August – Reuters poll
By Devayani Sathyan BENGALURU (Reuters) – The Reserve Bank of Australia will hike interest rates once more by a quarter percentage point on Tuesday and pause for the rest of the year…
BOJ takes steps to make YCC more flexible, keeps ultra-low rates
TOKYO (Reuters) – The Bank of Japan maintained ultra-low interest rates on Friday but took steps to make its yield curve control policy more flexible, underscoring a growing concern over the rising…
Pakistan seen hiking rates again on IMF guidance, analysts say
By Ariba Shahid KARACHI (Reuters) – Pakistan’s central bank will likely raise its key interest rate again on Monday to tackle persistently high inflation, giving in to pressure from the International Monetary…
BOJ to keep ultra-low rates, may debate fine-tuning yield cap
By Leika Kihara TOKYO (Reuters) – As aggressive U.S. interest rate hikes look like they might be nearing an end, Japan’s central bank faces its own tricky decision this week over whether…
Thai central bank to hike rates by 25 bps on Aug. 2, ending tightening cycle – Reuters poll
By Anant Chandak BENGALURU (Reuters) – The Bank of Thailand (BOT) will deliver a final 25-basis-point interest rate increase on August 2 and then hold rates steady until 2025 as the inflation…
Higher interest rates depress UK commercial property, survey finds
By David Milliken LONDON (Reuters) – Two thirds of property surveyors think Britain’s commercial real estate market is in a downturn, as higher Bank of England interest rates have brought the toughest…
Marketmind: Earnings, China hold spotlight ahead of big rates decisions
A look at the day ahead in European and global markets from Tom Westbrook Earnings and hope for a turning in China’s markets are the prelude to this week’s big central bank…
Canadian market participants see rates staying at 5% in 2023 -BoC survey
OTTAWA (Reuters) – The Bank of Canada (BoC) will not raise rates again and will start cutting a little later than previously anticipated, according to a survey of market participants released by…
Russian central bank ups 2023 GDP forecast as it hikes rates by 100 basis points
(Reuters) – Russia’s central bank raised its forecast for economic growth in 2023 even as it hiked rates by 100 basis points on Friday, now envisaging gross domestic product (GDP) growth of…
‘Reality bites’: High inflation and rates hit UK consumer confidence
By Suban Abdulla LONDON (Reuters) – British consumers have turned more pessimistic in the face of rising interest rates and high inflation, according to a survey published on Friday which ended a…
JPMorgan ups Turkey inflation, growth forecasts after rates decision
LONDON (Reuters) – Wall Street bank JPMorgan revised both its growth and inflation outlooks for Turkey upwards after the central bank delivered a smaller-than-expected interest rate hike on Thursday. JPMorgan forecast that…
Bank Indonesia rates on hold for rest of year, cut in Q1 2024 – Reuters poll
By Veronica Dudei Maia Khongwir BENGALURU (Reuters) – Bank Indonesia (BI) will keep its key interest rate unchanged at 5.75% next week and leave it there for the rest of the year…
Marketmind: China to keep rates on hold … for now
By Jamie McGeever (Reuters) – A look at the day ahead in Asian markets from Jamie McGeever, financial markets columnist. China’s central bank is expected to leave key interest rates on hold…
M&T Bank beats profit estimates as higher rates boost interest income
(Reuters) – M&T Bank Corporation beat Wall Street estimates for second-quarter profit on Wednesday, as the U.S. Federal Reserve’s rapid rate hikes to tame inflation boosted the lender’s interest income. Most consumer-facing…
BNY Mellon beats second-quarter profit estimates on higher rates
(Reuters) – Bank of New York Mellon Corp beat Wall Street targets for second-quarter profit on Tuesday as the U.S. Federal Reserve’s aggressive policy tightening boosted income earned from interest payments on…
How to get high rates to work for you
By Chris Taylor (Reuters) – There is no doubt that higher interest rates are hard on a many people – especially if you are taking out a loan on a home or…
Russia to hike rates to 8% as weak rouble adds to inflation concerns: Reuters poll
By Elena Fabrichnaya and Alexander Marrow MOSCOW (Reuters) – Russia’s central bank is expected to hike rates to 8% on Friday, increasing the cost of borrowing for the first time in over…
Rates surge hits UK wealth, but young people might gain – report
LONDON (Reuters) – The jump in interest rates has wiped more than 2 trillion pounds off household wealth in Britain over the last year due to the fall in house prices and…
Asking prices for UK homes slip as BoE’s rates rises bite, survey
LONDON (Reuters) – Asking prices for residential homes in Britain fell in July as rising mortgage costs and increasing buyer affordability constraints prompted sellers to tempered their price expectations, an industry survey…
UN agency calls for debt pause option as poverty rates rise
By Emma Farge and Marc Jones GENEVA/LONDON (Reuters) – A United Nations agency urged global finance ministers to give poor countries debt repayment breaks, estimating the COVID-19 pandemic and subsequent surge in…
New York City schools under fire for inflating graduation rates
NEW YORK, NY – New York City high schools have faced accusations of inflating graduation rates as students are promoted without meeting grade-level expectations, according to a report by Chalkbeat and the…
NYC High Schools Accused Of ‘Misleadingly’ Inflating Graduation Rates
NYC High Schools Accused Of ‘Misleadingly’ Inflating Graduation Rates Reagan Reese on July 12, 2023 New York City high schools have been accused of inflating graduation rates as students advance without meeting…
Bank of England may need to keep rates higher for longer, IMF says
By David Milliken LONDON (Reuters) -The Bank of England may have to keep interest rates high for an extended period if inflation pressures persist, and it was right to raise them by…
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