The Latest Breaking News from Interest Rates

Credit card debt statistics show that overall debt is rapidly increasing in the United States, rising by more than $45 billion in 2023.

OBR analysis suggests higher energy prices and interest rates could reduce proportion of new cars sold that are electric from 67% to 38%

The average credit card interest rate as of May 2023 is 20.68%, according to the Federal Reserve. Learn how rates are calculated and how to get the best rates.

Rising interest rates have boosted profitability but are likely to limit demand and increase risk of bad debts, says central bank

Michele Bullock warns prices are ‘rising strongly for the majority of the goods and services we all consume’

The dollar index (DXY00 ) on Tuesday rose by +0.12%. The dollar on Tuesday recovered from a 2-1/2 month low and posted modest gains. The dollar found support from the Oct 31-Nov 1 FOMC meeting minutes, where policymakers saw interest rates remaining restrictive for “some time." The dollar on Tuesday...

Since Australia’s Reserve Bank hiked interest rates two weeks ago, there have been two important developments – one in the United States and the other in the United Kingdom.

What you need to know… The S&P 500 Index ($SPX ) (SPY ) Monday closed up +0.74%, the Dow Jones Industrials Index ($DOWI ) (DIA ) closed up +0.58%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) closed up +1.19%. Stocks on Monday rallied, with the S&P 500 posting...

The dollar index (DXY00 ) on Monday fell by -0.47% and posted a 2-1/2 month low. The dollar Monday posted moderate losses and remains under pressure after last week’s better-than-expected U.S. inflation news and weekly jobs data that point to a slowing labor market bolstered speculation the Fed is down...

Andrew Bailey warns more work to be done to bring inflation back to 2% target and further rate rises may still be necessary

A personal loan is one of the most often chosen options for solving various financial problems.