Page 21 - Rate Increases News Today

ECB Considers Pause in Lifting Rates; GDP Report Suggests U.S. Steering Clear of Recession; BOJ Hints It Will Accept Higher Rates By James Christie Good day. The European Central Bank lifted...

Turkey's central bank more than doubled its year-end inflation forecast to 58 percent on Thursday as its new Wall Street-trained governor vowed to keep raising interest rates after years of controversial policies.The bank nearly doubled its rate last month from 8.5 percent to 15 percent but its following hike was smaller, raising it 17.5 percent.

State regulators will finalize the 2024 rates in August. Historically, rate increases sought by insurers have been reduced anywhere from 26% to 85%.

An increase in the Fed rate should result in increased mortgage rates for homebuyers. The Fed has served a blow to homebuyers by announcing an increase of 25 basis points, or .25%, to the federal funds rate, a key overnight bank lending rate. Although the Fed rate and mortgage rates move independently, the same market factors drive the rate increases and cuts. Inflation, job growth and the overall economic outlook impacts lenders and how they set rates. A bump in the Fed rate should translate in

AFS Logistics CEO Tom Nightingale says that UPS’ efficiencies can’t offset “astronomical” cost increases alone. The post UPS shippers may face double-digit rate increases in wake of contract appeared first on FreightWaves.

Insurance giant pinpoints focus on profitability and transparency

Turkey's central bank hiked its main interest rate for the second month in a row on Thursday but analysts said the unwinding of President Recep Tayyip Erdogan's unconventional policy was too timid to tame inflation.But the two hikes have disappointed analysts. who had forecast a five-point hike for Thursday. 

Pricing in ocean shipping was done much differently in the 1970s compared to today. To simplify things, a group of executives created a game around the concept for workers to play. The post ‘Brain trust’ used game to teach workers how to price shipping in ’70s appeared first on FreightWaves.

Don’t ask if the economy’s stronger than it was four years ago. Will it be stronger in 2033 than it is today?

With inflation finally falling sharply, the Fed's aggressive interest rate hikes shouldn't get the credit, some economists say.