Page 15 - Rate Increase News Today

NIPSCO will boost electric rates this month after a decision by the Indiana Utility Regulatory Commission that allows an increase, the company announced today.

Over a million people will be impacted by the change, says commissioner

An agreement that allows Peoples Gas WV LLC to be acquired by and merged with Hope Gas, Inc. has been negotiated. If approved by the Public Service Commission of West Virginia, Peoples customers will likely see higher rates on their monthly gas bills.

Conference was whether this rate increase was the last or would it hike again later this year. fed chair, jerome powell, would not be drawn. i would say it is certainly possible we would raise funds again at the september meeting, if the data warranted it, and i would also say it is possible that we would choose to hold steady at that meeting. mr powell was clear however that the fight against inflation is not over. policymakers inside americas central bank remain concerned that the worlds bigge...

Further, with inflation showing prices rising more slowly than a year ago, the key question at the press conference was whether this rate increase was the last or would it hike again later this year. fed chair jerome powell would not be drawn. i jerome powell would not be drawn. ., , drawn. i would say it is certainly _ drawn. i would say it is certainly possible - drawn. i would say it is certainly possible we i drawn. i would say it is - certainly possible we would raise — certainly possible...

Informa said Thursday that Saudi Arabias Events Investment Fund has acquired a stake in Tahaluf, its large-scale events joint venture with the Saudi Federation for Cybersecurity, Programming and...

The second month in a row —— up. i think if we do hit a recession it will certainly be a short lived one. if recession it will certainly be a short lived one.— recession it will certainly be a short lived one. if you are a reserve _ a short lived one. if you are a reserve bank _ a short lived one. if you are a reserve bank of _ a short lived one. if you are a reserve bank of from - a short lived one. if you are a | reserve bank of from another part of the world tuning in right now, what ot...

2% longer inflation. economic . rowth 2% longer inflation. economic growth has — 2% longer inflation. economic growth has been _ 2% longer inflation. economic growth has been revised - growth has been revised upwards, inflation has slowed and unemployment is close to record lows. what does the fed need to do to start bringing the rates down? i need to do to start bringing the rates down?— need to do to start bringing the rates down? i think were auoin to the rates down? i think were going to...

That. >> the big question is all about what is next. likely to move today, i think that is widely expected, but i think that everybody is kind of trying to figure out what the criteria are for another rate increase. we saw the fed project that they would make another move this year. but since then, inflation has really slowed down quite a bit. so i think that there is an open question about whether they have more work to do or whether they think they are done. >> cpi at 3%, target is 2%. how har...

That could give the federal reserve some breathing room in regards to future rate increases. right now, the market expects another quarter point increase by the central bank later in month. after this expected reading for cpi, there are growing expectations on wall street now that this could be the last increase. remember, the fed has said that it expects to increase two more times. does this reading actually change that. the consumer price index grew at the lowest pace since march of 2021, the ...