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The Fed is expected to raise interest rates again next month, but encouraging job numbers and other data suggest the worst might be over. It’s time for the Fed to pause and reset its policy intentions as further tightening would be overkill when the economy can least afford it.
Unitil customers can expect to pay about $100 more per month starting this December, after a supply rate increase was approved Friday afternoon.
Unitil has requested approval of a rate hike from the New Hampshire Public Utilities Commission, saying it has to raise costs over the winter.
January. so the package delivery giant is dealing basically with the slowdown in its business overall, and this rate increase, by the way, is higher than it was in previous years. it also comes a week just after the company slashed its profit and sales forecast. fedex, u.p.s., other suppliers are suddenly stuck with excess capacity as holiday merchandise was shipped early and inflation hit consumer demand. that's all playing out with the fedex story. >> is wall street working on the assumption we heard from a bunch of bank ceos talking to congress this week that the fed will continue to raise ...
Let's go to kansas city now and speak to thomas hoenig. as president of the federal reserve bank of kansas city, he sat on the fed's rate—setting committee for two decades between 1991 to 2011. he's now with the mercatus center — a free—market think tank. your reaction to this week's's news, some thought they might go even further with a i% hike, did they do the right thing? i think they did the right thing, it was pretty much telegraphed they would do three quarters of a point, 75 basis points had they done more it would have surprised the market and they didn't want to do that but they...