The Latest Breaking News from Interest Rates

Last year’s spike in inflation, to the highest level in four decades, was painful enough for American households

Without economic stability the country is likely to be left without solid foundations for recovery

Comes as Bank of England decides to freeze interest rates at 5.25 per cent for first time in two years

Asian shares are mixed after another slump on Wall Street driven by expectations for U.S. interest rates to stay high well into next year

The MoneySavingExpert.com founder said fixed savings rates could be shaved down but highlighted a tactic that savers could use

The dollar index (DXY00 ) on Thursday gave up an early advance and finished little changed, up only +0.01%. The dollar Thursday initially climbed to a 6-1/2 month high on carryover support from Wednesday when the FOMC signaled one more +25 bp rate hike this year and projected the fed...

Londoners said the rate freeze did little to solve the cost of living crisis or soaring prices

Dec arabica coffee (KCZ23 ) on Thursday closed down -3.35 (-2.12%), and Nov ICE robusta coffee (RMX23 ) closed down -44 (-1.75%). Coffee prices retreated Thursday on a broader selloff in risk assets after the Federal Reserve signaled higher interest rates for longer following Wednesday's FOMC meeting. Weakness in the...

There is light at the end of the tunnel for mortgage holders but savers face lower rates