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Rate Hike

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Goldman Sees September Fed Hike as Unlikely as Inflation Slows
finance9 days ago

Goldman Sees September Fed Hike as Unlikely as Inflation Slows

Goldman Sachs argues a September 25-basis-point Fed rate hike is unlikely as inflation cools and recent data undershoot—making the hawkish path priced into markets too aggressive. Hatzius notes inflation is more likely to improve through the year, with July data easing fears of deterioration. CME data had put odds of a hike around 30% ahead of the meeting (Sept. 15-16). The bank also expects the yield curve to steepen on cooling price pressures and waning rate-hike expectations, even as it posts strong Q2 results (EPS $20.98, revenue $20.34B) fueled by equities and investment banking.

via Yahoo Finance|
#federal-reserve#finance#goldman-sachs
Warsh-Backed Hawkish Fed Hike Eyed This Week
finance29 days ago

Warsh-Backed Hawkish Fed Hike Eyed This Week

Citadel Securities argues the Fed will surprise with a quarter-point rate hike this week, backing Kevin Warsh’s hawkish emphasis on price stability. A move would end the forward-guidance era, reshape expectations for September, and influence corporate pricing and wage dynamics, even as inflation risks linger and energy markets add volatility amid Middle East tensions.

via Yahoo Finance|
#citadel-securities#fed-policy-expectations#finance
Oil spike fuels bets on a September Fed rate hike
business1 month ago

Oil spike fuels bets on a September Fed rate hike

Oil prices jump toward $100 a barrel as U.S.-Iran tensions flare, stoking expectations the Fed will hike rates in September (FedWatch shows roughly 82% odds of a Sept move and about 38% for a 25bp lift at the next meeting). Strong labor data — weekly initial claims at 187,000, the lowest since 1969 — adds inflation concerns if energy prices keep rising. Markets slide, with the Dow down about 500 points and the Nasdaq more than 2% lower, while Kalshi traders lift bets on a September move; economists still expect no rate hike this year, with cuts anticipated in 2027.

via CNBC|
#business#fed#fedwatch
Oregon Unveils First POWER Act Rate Hike Targeting Data Centers
business1 month ago

Oregon Unveils First POWER Act Rate Hike Targeting Data Centers

Oregon’s Public Utility Commission unanimously approved Portland General Electric’s 29.7% rate increase for data centers and other large energy users under the POWER Act, making PGE the first utility to implement the new law that charges big users their share of electricity; residential bills will fall about 1.3% (roughly $1.91/month) as 963,000 customers are affected, and the changes include new charges, updated terms of service, and rules for connecting large users to the grid.

via Oregon Public Broadcasting - OPB|
#business#data-centers#oregon
Baltimore gas utility seeks $8 monthly hike amid Maryland rate case
business1 month ago

Baltimore gas utility seeks $8 monthly hike amid Maryland rate case

Baltimore Gas and Electric filed a rate-hike request with the Maryland Public Service Commission that could raise electric bills by about $100 a year (roughly $8 a month) for more than one million Maryland customers if approved. BGE says the reduced investment plan focuses on immediate grid maintenance and adds a FlexPay option and a new customer assistance program, while consumer advocates warn that rates and profits have risen sharply since 2010 and call for scrutiny as the PSC reviews the filing with a decision expected in early 2027.

via WMAR 2 News|
#bge#business#energy-affordability
Kashkari Signals a Single Rate Hike by Year-End
economy2 months ago

Kashkari Signals a Single Rate Hike by Year-End

Minneapolis Fed President Neel Kashkari said he now expects one rate increase by year-end, revising his prior view of a year-end rate cut. He notes inflation remains above the Fed’s 2% goal (headline 4.1%, core 3.4%) and argues supply-driven pressures—from tariffs to energy disruptions and heavy investments in data-center infrastructure—could keep prices elevated, making a cautious rate hike likely depending on incoming data after the Fed held rates steady.

via CNBC|
#economy#fed#inflation
Eurozone inflation climbs to 3.2% as energy surge fuels ECB rate bets
economy2 months ago

Eurozone inflation climbs to 3.2% as energy surge fuels ECB rate bets

Eurozone flash inflation rose to an estimated 3.2% in May from 3.0% in April, led by a 10.9% jump in energy prices, reinforcing expectations for a 25 basis-point ECB rate hike at the next meeting. Germany’s inflation fell to 2.7%, while Greece and Lithuania topped 5% and France rose to 2.8%. Markets price roughly a 94% chance of a hike as energy shocks persist amid the Iran war; the euro held around $1.164 and Bund yields fell modestly.

via CNBC|
#ecb#economy#energy
Iran-driven inflation heights push Fed toward potential rate hikes under Warsh
business3 months ago

Iran-driven inflation heights push Fed toward potential rate hikes under Warsh

April Fed minutes reveal a hawkish drift as inflation pressures from the Iran–Israel conflict intensify, with more policymakers suggesting tightening may be needed if inflation stays above 2%. The minutes also show wariness about easing as Warsh takes the helm, even as Powell departs; markets and economists increasingly expect higher rates rather than cuts this year, supported by a resilient labor market and rising bond yields.

via NBC News|
#business#fed-reserve#fomc-minutes
Fed Minutes Point to Hikes If Inflation Sticks Around
business3 months ago

Fed Minutes Point to Hikes If Inflation Sticks Around

Minutes from the latest Federal Reserve meeting show a majority of policymakers indicated further rate increases could be appropriate if inflation remains persistently above 2%, even as the committee kept the policy rate at 3.5%-3.75% and faced four dissenters. The discussions centered on how long war-driven inflation would last, with some participants pushing to drop easing-bias language; markets still price in a potential hike by late 2026 or early 2027. Warsh takes over as chair later this year, while inflation remains elevated amid energy price shocks and other factors.

via CNBC|
#business#fed#fomc
SAWS proposes four-year rate hike to fund $3B water and sewer upgrades
local4 months ago

SAWS proposes four-year rate hike to fund $3B water and sewer upgrades

The San Antonio Water System (SAWS) is proposing phased rate increases through 2029 to fund more than $3 billion in capital improvements to its water and wastewater systems. The average monthly bill would rise from about $57 to roughly $75 (about a 32% increase) as rates climb about 7% annually over four years, equating to roughly a $4 monthly increase each year. A public hearing has been held, with SAWS’s board expected to vote next month; final approval from City Council is required, and changes could take effect by July 1 if approved.

via WOAI|
#capital-improvements#local#rate-hike
Calif. regulators seal deal with State Farm to keep 17% homeowners rate hike after L.A. wildfires
business5 months ago

Calif. regulators seal deal with State Farm to keep 17% homeowners rate hike after L.A. wildfires

A brokered agreement between State Farm General and California regulators preserves a 17% average homeowners rate increase that took effect after the Los Angeles wildfires, freezes mass non-renewals in 2026, and delays a fuller rate review until 2027. The deal, which also imposes refunds to condo owners and rental property holders while allowing small increases for renters, sidesteps a broader scrutiny of the insurer’s claims handling amid thousands of fire-related losses and widespread complaints from policyholders.

via Los Angeles Times|
#business#california-department-of-insurance#homeowners-insurance
Bank of Japan Plans Rate Hike Amid Economic Concerns
business8 months ago

Bank of Japan Plans Rate Hike Amid Economic Concerns

The Bank of Japan is expected to raise interest rates to 0.75%, the highest in 30 years, as part of its policy normalization, despite Japan's economic contraction and ongoing inflation concerns. The decision aims to strengthen the yen and contain inflation, but may further slow the economy. Market focus will be on the BOJ's communication regarding the pace of future hikes and the neutral rate, amid ongoing debates about the timing and impact of these policy changes.

via CNBC|
#bank-of-japan#business#interest-rates