The Latest Breaking News from Interest Rates

Higher interest rates are beneficial for the financial industry. However, not all financial companies can capitalize on the current interest rate environment. Given the lingering macroeconomic concerns, it could be wise to avoid fundamentally weak financial stocks BRP Group (BRP), Forge Global Holdings (FRGE), and Argo Blockchain (ARBK). Read more….

Think a high-yield savings account is a good idea? Don’t forget taxes on savings account interest.

Higher rates slow the renewable energy transition and shield oil and gas producers from competition by low-carbon producers

Economists warn that two more US banks are on the verge of collapse after the Federal Reserve lifted its key interest rates by 0.25% this week, prompting stock prices of American lenders to drop sharply after the hike.

If Congress doesn’t raise the debt ceiling soon, the U.S. could default, sending borrowing costs higher and possibly delaying Social Security payments.

With the Fed announcing its tenth interest rate hike this week, the insurance industry is in a sweet spot as high-interest rates benefit insurers. Hence, investing in fundamentally strong insurance stocks Hannover Rück SE (HVRRY) and Everest Re Group could be wise. Read more….

Brazilian Finance Minister Fernando Haddad said on Friday that he favored taking a long-term view of inflation and that the central bank could begin cutting interest rates.

The numbers come as Joe Biden begins debt celing negotiations with House Republicans

Despite the rising interest rates, the consumer financial services industry could remain under pressure due to the tighter lending standards and the chances of a recession later this year. Therefore, it could be wise to avoid fundamentally weak consumer financial services stocks Sunlight Financial (SUNL), Guardforce AI (GFAI), and Sentage…