The Latest Breaking News from Interest Rates

Up your credit score to gain access to the lowest interest rates for a mortgage and other loans.

About a fifth of those living in the most deprived areas said they were using credit more to deal with the rising cost of living.

Construction firm forecasts bumper 2023 as housing boom defies rising interest rates and cost of living crisis

Asian shares are mostly declining amid a global fall in technology shares, including Japan’s SoftBank, which just reported hefty losses caused by the market downturn

Hawkish shifts in the US Federal Reserve’s monetary policy have often led to heightened financial and economic stress in emerging economies. In the early 1990s, the Fed raised interest rates preemptively to curb inflation, precipitating the 1994 Mexican “tequila” crisis. In 2013, the Fed signalled its intention to tighten monetary…

The Federal Reserve’s aggressive policy tightening to tame the sky-high inflation has increased the borrowing costs for most businesses. Many analysts believe further aggressive rate hikes will push the economy into a recession. With the possibility of the Fed considering more extensive rate hikes based on solid economic data, Carvana…

Soaring costs and rising interest rates may give would-be homebuyers pause for thought, but industry experts say the key is not to panic.

Japanese technology company SoftBank Group posted a $23.4 billion loss in the April-June quarter as the value of its investments sank amid global worries about inflation and interest rates. SoftBank Group Corp.’s loss of 3.16 trillion yen was a reversal from its 762 billion yen profit in the same quarter…

Japanese technology company SoftBank Group posted a $23 billion loss in the April-June quarter as the value of its investments sank amid global worries about inflation and interest rates

The major banks are deeply divided about the outlook for interest rates, and the difference is worth about $284 a month to a typical recent home buyer. So who will be right?

Although it certainly feels like it, and many people believe it, we are not in a recession yet. While a recession is defined as two successive quarters of negative GDP growth, it is essentially a period where economic growth falls significantly and unemployment rates rise.