The Latest Breaking News from Interest Rates

Although interest rates were raised by only a quarter of a percentage point, the Fed is not expected to cut rates anytime soon. This is expected to fuel recessionary conditions. Amid this backdrop, investors could look to buy fundamentally strong stocks General Motors (GM), Stellantis (STLA), and Textron (TXT) to…

The financial expert advises the public not to make plans about homeownership that anticipate interest rates returning to the levels of recent years

Index tops previous high set in 2018

After being disregarded for so long, managing inflation will be hugely important to the future of the UK’s economy and society

The U.S. labor market burned red-hot in January as hiring unexpectedly surged and unemployment fell to a 53-year low, defying recession forecasts and adding pressure on the Federal Reserve to keep raising interest rates.

Comes as Biden and McCarthy begin debt ceiling negotiations

Total is far higher than what economists expected even as Federal Reserve continues to raise interest rates to bring down inflation

Inflation should be back within Bank’s 2% target range by middle of 2024, Huw Pill adds

Barely more than a year ago, interest rates were just 0.1 per cent. Following yesterday’s 50 basis points rise — the 10th hike in succession — they stand at four per cent. Still low by historical standards, but little comfort for homeowners preparing for skyrocketing repayments.

The Bank of England has put interest rates up again - here is Martin's take on the rise and how it will affect your mortgage

It made £103.3 million for the full year 2022 compared to £61.3 million in the previous year.