The RBI is expected to follow global indices and raise interest rates, although it is not clear when it will. Some experts expect RBI to take inspiration from the world and act quickly, others say it will wait and watch. As the US Federal Reserve takes an aggressive stance towards its monetary policy and considers […]
The Punjab National Bank (PNB) announced an increase in service charges for general banking (non-credit service charges). The same will be applicable from January 15, 2022 and will include services such as quarterly average balance, non-maintenance of minimum balance, locker fees, among others. Here is the list of all the charges to be increased by […]
Opinions expressed by Contractor the contributors are theirs. Inflation intensifies for longer and a further tightening of the labor market will force the Federal Reserve hike rates four times instead of three in 2022, according to a new forecast from Goldman Sachs. Jan Hatzius, chief economist at Goldman, wrote in a note on Sunday that […]
Federal Reserve Chairman Jerome Powell testifies during the House Financial Services Committee hearing titled Treasury Department and Federal Reserve Pandemic Response Watch at Rayburn Building on Wednesday, December 1, 2021 . Tom Williams | CQ-Roll Call, Inc. | Getty Images Persistent high inflation combined with a labor market close to full employment will push the […]
The US economy created fewer jobs than expected in December. According to data on non-farm wages, only 199,000 people have found work, while there have been 141,000 net upward revisions in the past two months. Combining these numbers gives us an employment gain of 340,000, which is well below the consensus forecast of 450,000. In […]
Investors are recalibrating their portfolios to take into account a more hawkish Federal Reserve, a sign that the central bank is ready to step up in its fight against inflation. Investors are recalibrating their portfolios to account for a more hawkish Federal Reserve as signs the central bank is ready to step up in its […]
We wait to see if the tech rout continues into another day following yesterday’s reminder that the US Federal Reserve is bracing for what could be a faster-than-expected tightening of monetary policy. We learned in those minutes of the last Fed meeting that the take-off could happen “sooner or at a faster rate” than central […]
Canadian bond yields are skyrocketing, but the central bank should not raise rates. At least not yet, according to an analysis by BMO Capital Markets. Government of Canada (GC) bond yields hit a multi-year high for annual growth in 2021. This means growing market expectations for the near-term overnight rate hike. Despite the surge in […]
State officials approved an increase in electricity tariffs for Consumers Energy to a fraction of the amount originally requested by the company. The Michigan Public Service Commission this month approved a $ 27.1 million tariff increase for the company’s electricity customers, just 12 percent of the $ 225 million increase. dollars requested by Consumers Energy. […]
The Federal Reserve will step up the pace at which it withdraws support from the economy as inflation rises, and it plans to hike interest rates three times next year. In a sharp policy shift, the Fed said on Wednesday it would cut its monthly bond purchases twice as fast as it previously announced, likely […]