The Latest Breaking News from Interest Rates

Turkey’s currency has fallen to a record low against the dollar before a central bank meeting on interest rates

Hong Kong's benchmark Hang Seng Index lost over 1.9% in opening trade to hit 2011 lows after the U.S. Federal Reserve raised interest rates by 0.75% and indicated they could be hit as high as 4.6% next year.  That dented stocks of U.S.-listed Chinese EV makers, whose business prospects depend a lot…

According to business analysts, the Fed hasn't made a move against inflation quite this aggressive since the 1980s

The highest interest rates in the US in almost 15 years, coupled with war in Europe and China's lockdowns, will put more pressure on Australian households.

The US Federal Reserve has raised interest rates by 0.75 percent for the third time in a row, bringing America's borrowing costs to the highest level since 2008. Like other central banks, the Fed hopes to tame inflation, which is hovering near 40-year highs. Also in the show: the German…

Interest rates at such high levels would make it harder for Americans to borrow money and for banks to lend it

U.S. stocks traded slightly higher toward the end of trading session on Wednesday following the announcement of interest rate decision by the Fed.

Even for those who pay off their credit card balances every month, knowing your APR is a good credit habit.

Federal Reserve officials raised interest rates by 75 basis points for the third consecutive time and forecast they would reach 4.6% in 2023, stepping up their fight to curb inflation that’s persisted near the highest levels since the 1980s.

Federal Reserve Chair Jerome Powell vowed officials would crush inflation after they raised interest rates by 75 basis points for a third straight time and signaled even more aggressive hikes ahead than investors had expected.

This afternoon, the FOMC is expected to announce a 75-basis point (BPS) rate hike, bringing federal fund rates to the 300-325 BPS range. This means interest rates will be between 3-3.25% for the first time since before the financial crisis in 2007-2008. More specifically, the Fed began cutting rates in September…