The Latest Breaking News from Interest Rates

The US Federal Trade Commission has unveiled a proposal that would bar social media giant Meta from profiting off the personal data collected from child users. The FTC is accusing Facebook and Instagram's parent company of repeated violations of data privacy policies. Also in the show, regional US lender WestPac…

Americans paid an estimated $1 billion in interest on medical debt in just three years, a federal agency finds. This includes use of credit cards often pitched in doctors' and dentists' offices.

National Australia Bank has delivered a 17 per cent lift in interim profits, boosted by rising interest rates and more business lending.

The Federal Reserve has raised interest rates by a quarter of a percentage point and signalled it may pause further increases.

'Sell in May and go away" is an old market saying that is likely to ring true this year. Several risk factors have emerged, such as small US banks facing deposit outflows and central banks continuing to raise their interest rates amid stubbornly high inflation.

The US Federal Reserve has hiked interest rates for the tenth time in a row, bringing the key lending rate to its highest level since 2007. But the central bank has signalled it could pause further rate hikes, as inflation eases and turmoil continues to spread across the American banking…

Although the Fed raised interest rates for a 10th consecutive meeting, it finally opened the door to a pause in its tightening campaign.

The Fed signaled that it could pause rate hikes after this meeting, though it left the door open to another increase.

The Federal Reserve raised interest rates again on May 3, 2023, by a quarter point, making it the Fed’s 10th rate hike since March 2022 in an ongoing fight to tame inflation. These rate hikes have been reverberating through the economy, raising prospects of a recession amid heightened concerns about…