The Latest Breaking News from Interest Rates

The financial guru is urging anyone to check their savings account, no matter how slender or stacked it is.

Australia's big four banks raked in nearly $30 billion in profits over the 2022 financial year as people struggled with the cost of living. And higher interest rates will put more mortgage borrowers at risk.

The number of Americans applying for jobless benefits rose slightly last week, but the labor market remains healthy despite recent job cuts that have begun to spread across sectors most affected by soaring interest rates, such as housing and technology

It’s been a wild real estate ride over the last few years. After a red-hot market characterized by bidding wars, low interest rates and elevated prices, mortgage rates increased to the highest level in 20 years, leading to a slowdown of both buying activity and purchase prices. Yet, with inventory…

The nation’s punishing inflation rate likely kept simmering in October, giving the Federal Reserve little cause to ease up in its drive to slow price increases by steadily raising interest rates

The Reserve Bank of Australia will not hesitate to raise interest rates "quite quickly" if there are signs inflation is getting too far out of control, its deputy governor says.

The Federation of Thai Capital Market Organizations (Fetco) predicts that global and domestic inflation will begin to fall this year, while global interest rates will peak next year and start to decline in 2024.

Signs of a global economic downturn are growing by the day. Inflation is still going up, debt is up and interest rates are up, which means that projections for growth are down. Put simply, the proverbial something is close to hitting the fan.

ABS and CommSec data shows there are already signs of a slowdown as average household spending goes up 15 per cent in the past five years.