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Rate Hike

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Oregon Unveils First POWER Act Rate Hike Targeting Data Centers
business4 days 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
business9 days 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
economy16 days 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
economy1 month 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
business1 month 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
business1 month 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
local3 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
business4 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
business6 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
Health Insurance Premiums Set to Rise Significantly Across Multiple States
health10 months ago

Health Insurance Premiums Set to Rise Significantly Across Multiple States

Health insurance companies in Texas are requesting an average premium increase of 24% for ACA plans in 2026, driven by rising healthcare costs and the expiration of expanded tax credits, which could lead to higher costs for consumers and a potential shrinking of the marketplace, especially affecting rural, low-income, and elderly populations.

via The Texas Tribune|
#aca-premiums#health#insurance-market
Fed's Divided Stance Leaves Markets in Uncertainty
economy11 months ago

Fed's Divided Stance Leaves Markets in Uncertainty

Federal Reserve Chair Jerome Powell signaled a cautious stance by not cutting interest rates and even hinted at a possible rate increase, citing economic resilience and inflation concerns, which disappointed markets expecting a rate cut in September. Despite internal dissent within the FOMC, Powell emphasized data-driven decisions and suggested a rate cut remains possible later in the year, with some analysts forecasting multiple cuts in 2025.

via Fortune|
#economy#federal-reserve#inflation