Sentences with phrase «year rate hike»

Most ratepayers slammed PSEG Long Island and LIPA's planned 4 percent, 3 - year rate hike at a public hearing in Riverhead last night, saying rates were already too high and left uncertainties about costs soaring even higher.

Not exact matches

LONDON, May 1 (Reuters)- The dollar broke into positive territory for the year and bond yields were creeping higher again on Tuesday, as the recent rise in oil prices fuelled bets that the U.S. Federal Reserve will flag more interest rate hikes this week.

In the past year, the median outlook for the Fed's top rate in this hiking cycle has risen by nearly 60 basis points to 3.24 percent.

The dollar made most of the running, though, as it turned positive for 2018 just ahead of a two - day Fed meeting that is expected to pave the way for another two or even three U.S. rate hikes this year.

The Fed maintained its forecast for two more rate hikes this year, following speculation on whether budding inflation would push it toward raising its outlook to three more increases.

While the high level of existing debt means rate hikes will have a stronger impact in cooling demand than they did in previous years, it is still too soon to know just how much of an effect the bank's three rate hikes have had, Poloz said.

«Strong economic momentum and accelerating price and wage gains should lead to three more Fed rate hikes this year,» Kathy Bostjancic, head of U.S. macro investor services at Oxford Economics USA, wrote in response to the survey.

NEW YORK, May 1 - The dollar broke into positive territory for the year and U.S. bond yields inched higher again on Tuesday as the recent rise in oil prices fueled expectations the Federal Reserve could flag more interest rate hikes at its policy meeting this week.

And lastly, if rates start hiking significantly, they will be breaking away from the trend registered in the past few years — the 10 - year paper hasn't hit 3 percent since 2014.

The Federal Reserve is expected to give the signal for more rate hikes later this year.

Gold fell 1.2 percent on Friday after stronger than expected U.S. payrolls data shored up expectations that a pick - up in inflation will spur further U.S. interest rate hikes this year, boosting the U.S. currency, in which it is priced.

The Bank of Canada hiked rates twice this year, signalling more could be coming — depending, in part, on whether households can handle it.

If the Bank of Canada hikes two more times this year, some households could be renewing at a rate 75 basis points higher than what they previously paid, according to Rob McLister, CEO of intelliMortgage Inc. in Toronto.

Even before Wednesday's decision, five of the country's largest banks hiked five - year fixed rates 15 basis points to 5.14 per cent last week.

Investors are getting more comfortable with the idea of four interest rate hikes this year, though it may not last long.

Gorman is hoping the Federal Reserve will hike interest rates at least three times next year: «We need to get back to normal»

But some traders had expected the Fed to clearly signalwhether it will pull the trigger on two or three more rate hikes this year.

Gold fell again in September, to US$ 1,130, when Fed chair Janet Yellen said a rate hike was likely before the year's end.

He said the fed funds futures indicated 2.3 quarter - point rate hikes this year and after the Fed statement, the futures were barely changed.

The dollar clawed back some ground against the buoyant euro and traders bet on further U.S. rate hikes this year.

Traders are still pricing in two rate hikes this year, based on the price of Fed funds futures contracts traded at CME Group (cme) Chicago Board of Trade.

BoAML expects another rate hike in January of next year but says such decisions will be «data dependent».

August 14 - The ringgit, which had been on a downward trend, plunges to a 17 - year low, losing as much as 2.6 percent to 4.1180 per dollar, in part due to concerns about the Federal Reserve's expected rate hike, and also because outside investors are concerned about the turmoil surrounding Najib.

That's because investors had expected the Fed to signal a more hawkish outlook, such as an announcement about further rate hikes next year.

Instead of shooting skyward after the Federal Reserve hiked interest rates last week, yields on the 10 - year Treasury note fell — and have been steadily falling ever since.

The U.S. currency is set for another soft year despite a hawkish Federal Reserve that could hike interest rates up to four times.

The Swedish crown hit a six - day high after the country's central bank said it saw an interest rate hike coming in the second half of the year, but the currency quickly gave up those gains.

The Swiss bank UBS has updated its call on the number of rate hikes that the U.S. Federal Reserve will announce this year.

Citi analysts predict two rate hikes this year (including Wednesday's hike) but no more until the second half of next year.

«The fact that they stuck with the three rate - hike forecast sends a signal that at this point they're not ready to adopt a potentially more aggressive stance that a number of people have been talking about for next year,» said Craig Bishop, lead strategist for U.S. fixed income at RBC Wealth Management.

The central bank raised interest rates to 0.75 percent from 0.50 percent — its first hike in seven years.

More specifically, the «Mad Money» host wants to see if Williams, a non-voting Federal Open Market Committee member who previously talked about having three interest rate hikes this year, will change his view and advocate for four hikes.

And it also means that bond market traders believe we're likely to see at least a quarter point hike in interest rates by the middle of next year.

Rosengren did not mention whether he expects a rate hike before year end, yet the message appeared to fall in line with that of Fed Chair Janet Yellen who said last month that the case was «strengthening» to raise rates.

With the Fed expected to being a campaign to hike rates in the coming years, «we expect the credit card interest rates to likewise be going up.»

JP Morgan's chief U.S. economist Michael Feroli had been expecting four rate hikes this year, and Powell's comments served to reinforce his view.

But yields on the 10 - year Treasury fell after the announcement from the IMF, suggesting that traders might believe that the IMF statement signals a shifting of attitudes on the likelihood of a September interest rate hike.

That's exactly what sparked the stock market correction last month: a higher - than - expected average hourly earnings number in January's jobs report ignited fears that inflation might finally be coming to life, and in response the Federal Reserve may look to hike rates more aggressively than the three projected increases for this year.

Most analysts expect the first rate hike to come in September of this year, but that the pace of subsequent rate hikes will be slow, taking into account continued middling economic growth and below - target inflation.

Each year the company raises its menu prices to cover increasing food costs, but it generally keeps those price hikes below the rate of inflation for «food away from home» to stay competitive.

To be considered a success, the Fed needs its rate hike to be followed next year by continued U.S. growth, continued low unemployment, and, perhaps most in doubt, a turn higher in inflation.

According to Reuters, 90 percent of currency traders expect a rate hike in the first half of next year, by July 2018.

A December rate hike is a surprising departure from the previous widely - believed period of March, and some economists now believe the sentiment is shifting towards an end - year increase.

Talk of rate hikes are in the air Wednesday after minutes from the Bank of England's last meeting showed two out of nine board members voted for a rate hike as early as this month, the first time in three years that policymakers have done so.

Federal Reserve officials followed through on an expected interest - rate increase and raised their forecast for economic growth in 2018, even as they stuck with a projection for three hikes in the coming year.

The new chair signaled the central bank could hike rates more than three times this year in an effort to keep the economy from overheating, sparking anxiety among equity traders.

On Wednesday, the Federal Reserve will release the minutes from its mid-March meeting, where the U.S. central bank opted to leave interest rates unchanged while hinting that future hikes could come later this year.

Rosengren, an historically dovish Fed policymaker who has become more confident about hiking rates this year, cited Britain's vote to leave the European Union as an example of U.S. resistance to shocks from abroad.

He supports plans to lower the federal corporate tax rates and the harmonization of British Columbia and Ontario's sales taxes with the GST, but notes both Quebec and Nova Scotia have hiked their sales taxes in the past year.

Yellen's speech came amid heightened anticipation that the Fed will hike its key short - term interest rate target next month for the first time in a year.