Latest News for: Rate rises

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Middle EastDollar hovers near 10-week lows as inflation expectations skyrocket

Reuters 11 May 2021
A weaker-than-expected jobs report on Friday helped persuade market participants that the Fed would keep rates low and continue purchasing assets, even if inflation rises ... In recent years, rising inflation expectations have helped the dollar because investors have assumed interest rates would be raised in response to higher prices.
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Oregon COVID-19 trends slowing, but Central Oregon remains hot spot

Corvallis Gazette-Times 11 May 2021
The latest rise in COVID-19 infections in Oregon has peaked and is heading down, though Central Oregon continues to have some of the top case numbers and infection rates in the state ... Jefferson County also saw its rate per 100,000 rise to 315.3 cases per 100,000, but its positive test rate fell to 8.5% from 8.9%.
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Economic Watch: Accelerated inflation poses dilemma for Latin American central banks: Moody's Analytics

Sina 11 May 2021
... affects the local exchange rate, the expert explained. This situation has, for example, caused inflation to rise above 6 percent in Brazil and Mexico, exceeding the target rates set by the monetary entities, while in Peru the consumer price index surpassed the target of 2 percent.
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Asian equities fall on worries over inflation, Fed outlook

The Times of India 11 May 2021
Rising inflation expectations lifted longer-dated U.S ... Federal Reserve will start tapering bond purchases and raising interest rates as the U.S ... The two-year yield, which rises with traders' expectations of higher Fed fund rates, touched 0.1528% compared with a U.S.
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Bell County Public Health director resigns; daily COVID-19 updates to be paused

TDT News 11 May 2021
Updates of the dashboard will continue to remain paused except in the result of the county sees the incidence rate of new cases rising above 80 cases per 100,000 people. Officials said this benchmark will mean that staff will have a chance to become familiar with the dashboard if cases do rise once more ... COVID-19 rate.
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Asia shares fall on worries over inflation, Fed outlook

Metro USA 11 May 2021
Rising inflation expectations lifted longer-dated U.S ... Federal Reserve will start tapering bond purchases and raising interest rates as the U.S ... The two-year yield, which rises with traders’ expectations of higher Fed fund rates, touched 0.1528% compared with a U.S.
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Chinese yuan strengthens to 6.4254 against USD Tuesday

China.dot.org 11 May 2021
... market, the yuan is allowed to rise or fall by 2 percent from the central parity rate each trading day.
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Recovery ‘to take longer for regions’, says think tank

The Times/The Sunday Times 11 May 2021
NIESR said rising coronavirus infection rates abroad, including in India, would weigh on the domestic economy.
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Michigan hits 55% vaccine rate, will end remote work rule

Winona Daily News 11 May 2021
(AP) — Michigan on Monday surpassed a 55% COVID-19 vaccination rate, reaching a milestone that will lead to the automatic easing of in-person work restrictions in two weeks ... At a 60% vaccination rate, capacity at sports stadiums, banquet halls, conference centers and funeral homes will rise to 25% after two weeks — and 50% at gyms.
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Scorpio Tankers and where next for the products market?

Seatrade Maritime News 11 May 2021
For Scorpio Tankers with an “Outperform” rating, Chappell painted an outlook with two paths ... At BTIG, analyst Greg Lewis has a “Buy” rating on Scorpio Tankers ... And, with significant financial leverage, the “torque” to net asset and equity value can be significant in a rising rate and asset value environment.”.
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Who's afraid of the big bad boom?

Standard-Speaker 11 May 2021
Her actual words were, “It may be that interest rates will have to rise somewhat to make sure that our economy doesn’t overheat.” Her remark wasn’t a forecast, it certainly wasn’t an attempt to influence the Federal Reserve, and it was simple good sense.
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EMCO in FELDA Kahang Timur and Kampung Bako Hilir starting Wednesday

Malaysian National News Agency 11 May 2021
Ismail Sabri said the Ministry of Health (MOH) reported a rise in the number of cases with high infectivity rate in the two localities ... ....
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Covid effect: Weakened economy can’t produce jobs, unemployment rate at 19-week high

Financial Express 11 May 2021
There has in fact been a steady increase in unemployment in recent months – the relevant rate rising to a four-month high of 7.97% in April compared with 6.5% in March, 6.89% in February and 6.52% in January ... .
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In visit to Quincy's Manet Health, Baker pushes local vaccination shift as key for unvaccinated

The Patriot Ledger 11 May 2021
COVID-19 cases take a big drop on South Shore, vaccination rate continues to rise ... She said that pop-up clinics and being out in the community will help continue to drive vaccination rates up ... Since then, Massachusetts has become one of three states to hit a 70 percent vaccination rate for adults.
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Should Idaho’s minimum wage be raised? Experts, Idahoans weigh in on proposed two-year plan

News-Press Now 11 May 2021
This question has historically been considered impolite to ask one another, but with the cost of living rapidly rising in Idaho, it’s become a relevant one ...What I want is a rising wage rate for everybody, … but the problem with any federal mandate is what’s applicable in one community is not applicable in the other,” Little said.
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