The Latest Breaking News from Interest Rates

The Spanish-American philosopher George Santayana famously warned that "those who cannot remember the past are condemned to repeat it". But sometimes even those who can recall the past have a selective memory and draw the wrong conclusions. This is how the global policy response to the current bout of inflation…

The bank said it will raise interest rates on its home loan fixed rate products by an average of 0.45 per cent

The high street building society also said mortgage activity was likely to slow next year

The changes follow three rounds of interest rate increases from the European Central Bank in recent months

Asian stocks are mixed after a Federal Reserve official suggested U.S. interest rates might have to be raised higher than expected to cool inflation

Charles Schwab stock is IBD Stock Of The Day, with SCHW near a buy point, as the online broker benefits from higher interest rates and rallying stocks.

Although inflation eased slightly last month, the Fed has indicated a higher-than-expected final level of interest rates. This is expected to keep the high-growth Internet stocks under pressure in the upcoming months. Thus, it could be wise to sell fundamentally weak internet stocks Snap (SNAP), IAC Inc. (IAC), Zhihu (ZH),…

Housing announcements were scarce but the Budget will impact buyers, homeowners and sellers over the next few months and years. Is it all doom and gloom?

Fed official James Bullard says interest rates have to go even higher to bring down inflation, while others disagree.