The Latest Breaking News from Interest Rates

Banks defy political pressure by not passing on higher interest rates to all savers even as they hit mortgage holders with rapid-fire hikes

NEW YORK: Bitcoin is having its worst week since November as an equity selloff, fear over higher interest rates and an escalating United States regulatory crackdown on crypto combine to hurt investor sentiment.

The FOMC is expected to keep interest rates unchanged at the next Fed meeting.

Powell's testimony to keep the interest rates higher if required has created chaos in the markets, with the U.S. jobs report looming large for the future of monetary policy. Given the volatile market backdrop, fundamentally sound dividend-paying stocks AbbVie (ABBV), Cisco Systems (CSCO), Westlake Chemical Partners (WLKP), and Spok Holdings…

“My problem with the Fed, overall, is there’s too many academics in the mix,” Ken Langone said Wednesday.

Siegel says workers’ wage growth has been “way behind” historical norms and inflation is already fading, which means the Fed’s rate hikes are a mistake.

DALLAS — Dallas-based Town Square Mortgage has merged with Palatine, Illinois-based American Portfolio Mortgage Corp., a move to better position both companies to weather the storm as the rapid rise in interest rates has stalled homebuying activity.

While Carnival (CCL) has been able to stage a post-pandemic recovery, it is yet to return to profitability like many of its peers. With high inflation, rising interest rates, fears of recession, and unenviable unit economics let’s find out if the cruise line stock would struggle to keep itself afloat.…

With inflation still high and the jobs market showing resiliency, the Fed will likely raise interest rates higher than anticipated. This might push the economy into a recession. Despite the uncertainties, investing in fundamentally strong penny stocks Nokia (NOK) and trivago (TRVG) could be worth it now. Keep reading.

As Fed Chairman Jerome Powell cautions against higher-than-expected interest rates to curb inflation, markets fear this could tip the economy into a recession. Historically, value stocks have outperformed growth stocks in a high-interest-rate environment. Therefore, it could be wise for investors to buy fundamentally strong stocks ARC Document Solutions (ARC),…

With the Fed extremely likely to raise the benchmark interest rates higher than envisaged by policymakers, the economy and the stock market are expected to remain under pressure. Amid the uncertainty, it could be wise to invest in high-quality stocks Visa (V), Novo Nordisk A/S (NVO), and Autodesk (ADSK) for…