Hike rates

FedEx (FDX) to Increase Rates in 2022 in Challenging Environment – September 21, 2021

FedEx Corporation (FDX Quick QuoteFDX – Free Report) will increase shipping rates early next year due to rising costs associated with a “challenging operating environment.” It would also allow the company to serve its customers more efficiently through its continued investment in service improvements, fleet maintenance, technology innovations, and more, FedEx said. Effective January 3, […]

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DHL will increase its prices for the fourth consecutive year

MARKET VOLATILITY: The 4.9% rate hike stems from unpredictable exchange rates and inflation, as the company raises prices in other countries by that much or more. By Kao Shih-ching / Staff Reporter DHL Express Taiwan Corp (洋基通運) plans to raise average freight rates by 4.9% next year due to inflation, exchange rate volatility and administrative […]

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Synergy North changes could increase rates, but reduce municipal taxes

Proposed amendments for 2024 would require Synergy North to pay interest annually on the debt note to the City of Thunder Bay. THUNDER BAY — A proposed change to Synergy North’s pricing model would result in slightly higher electricity costs, but could be offset by municipal tax savings, executives say. Moving from the current “rate […]

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Allstate wants to raise its rates again. Will state regulators let them?

In Connecticut, regulators on August 19 rejected an offer from Geico, based in Chevy Chase, Maryland, to raise rates by an average of 6%, essentially accusing the company of completely ignoring the effects of the pandemic. “This filing is being dismissed because it is essentially a 6% increase…using LOSS DATA through 12/31/2019,” the department said […]

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Bank of Canada pledges to hike rates before cutting bond holdings

The Bank of Canada has issued guidelines for the first time on how it plans to eventually scale back monetary stimulus, saying it will raise interest rates first before reducing its holdings of government bonds. In a speech on Thursday the day after a firm decision, Governor Tiff Macklem provided details on what he called […]

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RBI won’t raise tariffs anytime soon, Shaktikanta Das says ‘no plans to surprise market’

The Reverse Bank of India (RBI) had introduced a series of policy changes last year to help countries get back on track and weather the effects of the Covid-19 pandemic. A major step on this path was the decision to cut repo rates – the rate at which it lends to commercial banks – in […]

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RBI to hike rates from early 2022, take more steps to normalize policy: analysts

MUMBAI (Reuters) – The Reserve Bank could reach the end of its tolerance for high inflation and will most likely raise interest rates in the first half of 2022, analysts said on Friday. The central bank will also start to reverse its accommodative policies that led to easy liquidity conditions, they said. The analysts’ view […]

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Bank of Canada will have more leeway to raise rates as US Fed turns hawkish: RBC

Canada’s largest bank is now seeing the US raise interest rates, and that’s a big boon for rate hikes in Canada. RBC Senior economist Josh Nye said the bank expects US rates to rise by next year. The hike will allow the Bank of Canada (BoC) to raise rates without a significant appreciation of the […]

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Ute Water to raise rates and draw water from the Colorado River | Western Colorado

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Cyber ​​insurers raise rates and change coverage as claims rate rises again in 2020

Cyber ​​liability insurance premiums continued to climb in double digits in 2020, but the industry-wide claims rate increased at a faster pace, forcing underwriters to adjust coverage and increase rates to cover escalating costs from breaches and ransomware attacks. According to an analysis by S&P Global Market Intelligence, direct written premiums for standalone cyber policies […]

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Riverside County Approves Sheriff’s Request to Raise Rates – NBC Palm Springs – News, Weather, Traffic, Breaking News

The Board of Supervisors on Tuesday approved Riverside County Sheriff Chad Bianco’s request to increase the aggregate rate charged to 16 cities and other contracted entities for the use of patrol deputies and support services. The 4.74% increase is retroactive to July 1, 2020, and is necessary to recover higher costs incurred by the department, […]

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Opinion: Disappointing April jobs report proves the Fed shouldn’t hike rates

Labor shortages are not widespread. Rather, it is special, and no doubt temporary, factors that cause them in certain segments of the economy. “For Hire” signs are plentiful in industries that have thrived during the pandemic and are in desperate need of workers. Consumers’ thirst for goods, including cars, gaming systems, outdoor furniture and new […]

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Fed says it won’t raise rates yet – but as economy heats up, borrowers fear time is running out

Main Street and Wall Street will parse comments made by Federal Reserve Chairman Jerome Powell on Wednesday for any indication that the central bank is worried about the economy’s potential to overheat. “The Fed will reiterate its belief that increases in inflation will prove transitory,” said Greg McBride, chief financial analyst at Bankrate. “As economic […]

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The Cycle is Turning: Emerging Central Banks Hike Rates in March

The central bank headquarters building is seen in Brasilia, Brazil May 16, 2017. REUTERS/Ueslei Marcelino Join now for FREE unlimited access to Reuters.com Register LONDON, April 16 (Reuters) – Emerging market central banks made five sharp interest rate hikes in March, marking the end of an easing cycle that began in 2019 as countries’ central […]