Tag Archives: Rate

ALBANY, N.Y. – National Grid utility rate increases approved by the state Public Service Commission are not sitting well with one member of the state Assembly who announced Friday the introduction of legislation that would enable the state Legislature to review and potentially overturn the price hikes. Assemblyman Angelo Santabarbara says the Utility Rate Hike Legislative Review Act comes in …

One Inflation Gauge Just Rose at the Fastest Rate in Three Years  The Wall Street Journal Hot wholesale prices data puts wrinkle in Fed’s rate-cut roadmap  Reuters Why inflation’s got you down, even if it’s not really happening (yet)  CNN PPI report shows biggest surge in three years. Here’s what that says about inflation.  CBS News US inflation held steady as mild tariff hit …

Trump Says Tariff Rate on Semiconductors Could Reach 300%. Nvidia and AMD Stocks Fall.  Barron’s Trump Says Semiconductor Tariffs Coming Soon, Could Reach 300%  Bloomberg.com Trump’s Tariffs Won’t Solve U.S. Chip-Making Dilemma  The Wall Street Journal Trump says he will set tariffs on steel and semiconductor chips in coming weeks  Reuters Trump’s Trade Tactics Come for Chip Controls  Foreign Policy Source link

Oil prices climb 2% to 1-week high as Fed rate cut, Trump-Putin talks loom  Reuters Oil falls ahead of Trump-Putin summit in Alaska  Reuters Oil Steadies at End of Tepid Week With Eyes on Trump-Putin Talks  Bloomberg.com Energy & Utilities Roundup: Market Talk  The Wall Street Journal Trump-Putin Summit Could Swing Oil Market. Prices Could Slide, or Hit $90.  Barron’s Source link

In brief Bitcoin’s price fell Thursday following a hotter-than-expected PPI report. Producer prices rose 0.9% in July, the largest monthly increase in over three years. Traders abandoned the prospect of a 50-basis-point rate cut. Bitcoin and other cryptocurrencies slipped on Thursday after rising producer prices blunted rate-cut hopes, and U.S. Treasury Secretary Scott Bessent said the government wouldn’t start cutting …

The average rate on a 30-year U.S. mortgage fell this week to its lowest level in nearly 10 months, giving prospective homebuyers a sorely needed boost in purchasing power that could help inject life into a stagnant housing market. The long-term rate fell to 6.58% from 6.63% last week, mortgage buyer Freddie Mac said Thursday. A year ago, the rate averaged …

The Inflation Panic Is All Wrong. How Tariffs Could Lead to Interest Rate Cuts.  Barron’s Inflation or recession? Either way, Trump’s tariffs will leave lasting scars.  The Hill Why the economy could be headed for an inflation roller coaster ride  Business Insider Tariffs are generating inflation  Financial Times Local financial advisor weighs in on inflation, tariffs and the economy  Spectrum News Source link

MCLEAN, Va. — The average rate on a 30-year U.S. mortgage fell this week to its lowest level in nearly 10 months, giving prospective homebuyers a sorely needed boost in purchasing power that could help inject life into a stagnant housing market. The long-term rate fell to 6.58% from 6.63% last week, mortgage buyer Freddie Mac said Thursday. A year …

The average rate on a 30-year U.S. mortgage fell this week to its lowest level in nearly 10 months, giving prospective homebuyers a sorely needed boost in purchasing power that could help inject life into a stagnant housing market. The long-term rate fell to 6.58% from 6.63% last week, mortgage buyer Freddie Mac said Thursday. A year ago, the rate …

Syracuse, N.Y. — Your National Grid bill is going up about 10% next month and will keep rising. Within three years, the cost of electricity and gas will increase by about $600 a year for the average household in Upstate New York. The state Public Service Commission voted unanimously today to approve new electric and gas rates for National Grid’s …