Bank of America CEO on mortgage rates at 7%, inflation, wage hikes – Uptrends

Bank of America CEO on mortgage rates at 7%, inflation, wage hikes – Uptrends

American consumers are being pulled in two opposite directions right now: by rising prices that threaten consumption on one side, and by low unemployment and rising wages that are fueling growth on the other. But Bank of America predicts that the two forces, with the help of a push from the Fed, will reach an … Read more

Short-term inflation surges to 43.25% with notable increase in gas rates – Uptrends

Short-term inflation surges to 43.25% with notable increase in gas rates – Uptrends

  Official data from the Pakistan Bureau of Statistics reveals that short-term inflation for the week ending on December 28 has increased to 43.25%, primarily influenced by a significant rise in gas rates. This marks the seventh consecutive week with weekly inflation above 41%. On an annual basis, notable increases were observed in the prices … Read more

Govt increases gas tariff for 3 fertiliser plants to unify rates – Uptrends

Govt increases gas tariff for 3 fertiliser plants to unify rates – Uptrends

  Engro Fertiliser, Fauji Fertiliser (Rahim Yar Khan), and Fatima Fertiliser will pay Rs580/MMBtu for feedstock, Rs1,580 for fuel stock A worker drains water from a gas filter at the Egas processing plant in Gujar Khan, Pakistan March 10, 2017. — Reuters Plants to pay Rs580/MMBtu for feedstock, Rs1,580 for fuel stock. Petroleum division official says … Read more