Mass. auto rates to stay fairly steady next year
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The state insurance commissioner yesterday held auto insurance premiums fairly steady for next year while approving measures that could sharply increase the rates paid by inexperienced teenage drivers.
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The Federal Reserve held interest rates steady yesterday, extending a yearlong breather for borrowers. Although policy makers observed improvements on inflation, they made clear they were not ready to declare victory on that front.
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The European Central Bank is certain to keep interest rates stable Thursday when governors mull the effects of rising inflation and slowing growth, analysts say, while it was less sure that the Bank of England would make a similar decision.
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Mortgage rates inched up this week, but remained well below the year-high levels set in the spring. Freddie Mac, in its weekly survey released Thursday, reported that rates on 30-year, fixed-rate mortgages
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The rate of increase in U.S. home prices remained steady in the fourth quarter of 2006, extending the slowing trend that began earlier in the year, federal regulators reported yesterday.
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The European Central Bank will likely hold interest rates steady Thursday, waiting to see if its latest increase can stem inflation, but it is expected to prepare the markets for another move in March.
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WASHINGTON -- State finances remained stable so far this fiscal year, with revenues on target or better and fewer states spending more than they planned, the National Conference of State Legislatures reported.
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A recovery in the economy later  this year will keep U.S. vehicle sales from plunging as deeply  as the most bearish forecasts suggest, according to an outlook  released on Sunday by the group representing U.S. auto dealers.
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The Bank of Japan kept interest rates steady on Thursday in its first unanimous decision since June, after a drop in business confidence signaled that companies were bracing for slower growth.
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But minor roadblocks won't stop the automaker's growth.
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Federal Reserve policymakers held short-term interest rates steady today, but indicated they remain ready to raise borrowing costs if strong economic growth fuels inflation pressures.
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No Massachusetts drivers, even the very worst ones, are likely to see more than a 10 percent increase in their premiums when auto insurance competition begins next year, according to two bulletins issued by the state insurance commissioner.
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Autozone&#39;s (AZO:NYSE - news - research) first-quarter sales and earnings were virtually unchanged from a year ago, held back by higher fuel prices that made car owners skittish.
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The Bank of England held its key interest rate steady at 5 percent on Thursday, a decision that was widely expected.
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Federal Reserve policymakers today held their key short-term interest rate steady and indicated they remain concerned about inflation pressures.
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The Bank of England appears set to hold interest rates steady for at least the next few months after revealing policymakers did not even discuss raising borrowing costs at their November meeting.
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Auto insurer posts strong earnings, but a down cycle may be about to begin.