The Latest Breaking News from Interest Rates

Silicon Valley thinks it sets the economy's direction, but it's at the mercy of interest rates and other forces.

President Recep Tayyip Erdogan is aiming to extend his 20-year rule in elections that will decide not just who leads Türkiye but how it is governed, where its economy is headed and what role it may play to ease conflict in Ukraine and the Middle East. The presidential and parliamentary…

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.

Despite inflation cooling further in December, the likelihood of the economy entering a recession this year is rising as the Fed expects to continue increasing interest rates until inflation comes down to its 2% target. Therefore, large-cap stocks Microsoft (MSFT), UnitedHealth (UNH), and Taiwan Semiconductor (TSM) could be stable investments…

Homebuyers should have more financial discipline and readiness before buying a house as home prices are surging, interest rates are rising and property incentives have expired, says property website DDproperty.com.

Bitcoin jumped above US$19,000, its highest level since November 2022, as US inflation fell to 6.5%, raising analysts' expectations that the Federal Reserve will increase interest rates by only 0.25% at its meeting later this month.

JPMorgan Chase, Bank of America and Citigroup are bracing for an economic downturn in 2023, including an uptick in unemployment, even as they continue to benefit from strong consumer spending and higher 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…