The Latest Breaking News from Interest Rates

International Monetary Fund Managing Director Kristalina Georgieva said on Tuesday global economic growth was expected bottom out in 2023 despite the continued Ukraine war and rising interest rates.

JB Hi-Fi says its overall sales were $5.28 billion in the first half of 2022/23, up 8.6 per cent from a year ago, despite rising interest rates.

Australian banks — which made bumper profits last year — are facing soaring funding costs as they need to repay $188 billion of cheap money borrowed from the Reserve Bank in the coming years, which is bad news for home loan borrowers.

Although inflation slowed further in December, concerns of a recession weigh heavy on investors’ sentiments as the Fed plans to continue raising interest rates this year. Amid this backdrop, investors could consider buying fundamentally strong stocks AbbVie (ABBV), The Coca-Cola Company (KO), and Centene Corporation (CNC) for the long-term. Read…

Although inflation has been showing signs of easing, it continues to hover way above the Fed’s 2% target. Since the Fed is expected to continue raising interest rates until its target is reached, the stock market is expected to remain volatile. Amid this backdrop, investors could consider investing in quality…

With interest rates going down, is now the time to fix your mortgage?

What would you do with a $1 billion payday? If you're hearing that question more these days, it's because huge jackpots like the Mega Millions aren't as rare as they once were.

Countries have yet to see the full impact of tightening financial conditions, IMF chief Kristalina Georgieva said Thursday, warning that central banks have some way to go in their inflation battle. Global growth is expected to slow further this year, as central banks including the US Federal Reserve have raised…

Rising interest rates have prompted a surge in refinancing as borrowers look to lock in a better deal.