Hike rates

Massive inflation will likely push Fed to hike rates 6 times: Federated

A long-standing bull market tempers its outlook due to inflation. Phil Orlando of Federated Hermes expects the Federal Reserve to hike interest rates six times over the next two years to contain massive price increases from vehicles to shelters to food. “Our best guess is that we’ll see two-quarter-point rate hikes from the Fed in […]

Hike rates

Marine P&I clubs invited to increase their rates

Marine protection and compensation clubs must increase tariffs for shipowners amid an increase in claims in the industry, the London-based UK P&I Club said on Wednesday. The comments came as the UK P&I Club confirmed that its rating had been downgraded from A to A- by the rating agency Standard & Poor’s Global. Unsustainable premium […]

Hike service

Hochul Says Infrastructure Bill Will Prevent MTA Tariff Rise and Service Reductions | New York

(The Center Square) – On her way to Washington on Monday to watch President Joe Biden sign a federal infrastructure bill, New York Governor Kathy Hochul has had good news for New York City commuters. The funding the state expects to get from the $ 1.2 trillion spending envelope should be enough to prevent the […]