The Latest Breaking News from Interest Rates

“It’s almost guaranteed to be wrong,” the GMO cofounder told Bloomberg of the Fed’s soft-landing forecast Thursday. “They have never called a recession.”

Bajaj Finance Ltd., one of India's leading non-banking financial companies has extended a big opportunity for individuals looking for substantial financial support. Read further on Dynamite news:

Morning Markets September E-Mini S&P 500 futures (ESU2 3) this morning are down -0.66%, and Sep Nasdaq 100 E-Mini futures (NQU2 3) are down -0.94%, both at 2-month lows. This morning, Stock indexes are under pressure as worries about China’s economy and higher global interest rates dampen market sentiment. Stock...

Fitch Ratings emphasizes that the foremost concern for the global credit landscape remains centered on persistently high inflation

September S&P 500 futures (ESU23) are trending down -0.22% this morning after three major U.S. benchmark indices closed in the red on Thursday as market participants digested another round of resilient economic data that heightened concerns about the possibility of interest rates remaining higher for longer, while worries about China…

Asian shares have slipped as rising yields in the bond market on Wall Street set off expectations that high interest rates would continue in the U.S. Benchmarks fell in Tokyo, Hong Kong, Shanghai and Seoul, and were little changed in Sydney

The fall was much worse than expected by analysts

Despite higher rates than in decades past, CDs may only make sense for some.

The yield on the 10-year Treasury increased 1.6 basis points to reach 4.258% on Wednesday afternoon, up from 4.22% on Tuesday. This is the highest level it had been since June 13, 2008.

The average cost of a 30-year fixed-rate mortgage jumped to 7.09% this week, the highest in over two decades. Rising interest rates have put homes out of reach for many would-be buyers.

While the rising interest rates should boost profit margins in the financial industry, let us analyze which of the leading financial stocks SoFi Technologies and Manhattan Bride Capital, is the more fiscally responsible stock to own.