rate hikes

Interest rates are on the rise. In an effort to combat high inflation, the Federal Reserve raised interest rates by three-quarters of a percentage point.

Interest rates are on the rise. In an effort to combat high inflation, the Federal Reserve raised interest rates by three-quarters of a percentage point. “The Federal Reserve is trying to hang on to the shirt-tails of consumers and saying ‘please, don’t spend so much,’” said University of New Haven Department Chair of Accounting, Finance and Marketing, Leah Hartman....

A proposal by the Aquarion Water Company aims to gradually increase costs for consumers, reaching up to a 27% increase. The water company filed a notice with the Public Utilities Regulatory Authority (PURA) indicating their intent to seek a rate increase. In a statement, the company said it’s been nine and a half years since its last rate review and…

Ten health insurance companies are proposing an average rate hike for next year of between nine and 13% and the public will get a chance to weigh in on the proposals. The public has until 4 p.m. tomorrow to get their testimony to the state Insurance Department. Insurance regulators will hear from the public and the carriers next week at…

Comcast announced Thursday that they are delaying the implementation of a data cap rate hike in their Northeast markets until 2022. Connecticut Attorney General William Tong strongly objected to the proposed rate hike. “Delaying this ill-timed data cap until at least 2022 is the right call. I have heard from families across Connecticut who easily exceeded this cap while studying…

Eversource is answering to customers and state regulators after recent rate hikes paired with a highly criticized response to Tropical Storm Isaias have caused outrage across the state.

Eversource customers are speaking out after seeing a spike in utility bills this summer.