The Latest Breaking News from Interest Rates

London-listed HSBC's profits soared, thanks to elevated interest rates. But high costs and pains in Chinese real estate continue to put pressure on it.

Bank criticised by MPs for being too slow to reward savers as it announces 15% rise in net interest income and $3bn share buyback

With wages growth and job vacancies slowing, the monetary policy committee should hold interest rates again if it wants to avoid storing up trouble

Consumers have been reining in their spending in response to high interest rates and new data may signal a continuation of this trend.

The U.S. economy continues to defy gravity, growing rapidly despite high interest rates. Consumer spending is powering the expansion, but it's not clear how long that can last.

An inflation gauge that is closely monitored by the Federal Reserve showed price increases remained elevated in September amid brisk consumer spending and strong economic growth

Today’s PCE deflator report was in line with market expectations but was sufficiently high to support the market’s current thesis that the Fed will keep interest rates higher-for-longer. The PCE deflator is the Fed’s preferred inflation measure. The market this week reduced the chances for a Fed hike in December,...

Competition for savers’ cash is putting pressure on its finances, says group

Retailer predicts robust margins for rest of year despite rise in interest rates and people returning to bricks-and-mortar stores