The Latest Breaking News from Interest Rates

Some of the nation’s largest homebuilders are lowering prices, providing discounts and pulling out of land deals as higher mortgage rates on top of already sky-high home prices continue to take a toll on buyer affordability.

It's been a rough couple of weeks on the stock market, ending recently with a warning from FedEX about a downturn in the global economy that sent shares tumbling.

As the Fed raised benchmark interest rates by another 75 basis points to fight inflation, growth projections have dimmed down. With market conditions remaining uncertain, fundamentally strong stocks Johnson & Johnson (JNJ), Oracle Corporation (ORCL), and Kroger Co. (KR) might be solid buys to cushion your portfolio. Read more.

These are difficult times for investors. Inflation is like a runaway freight train and COVID-19’s aftereffects are still creating supply chain problems. In response to these trends, the Federal Reserve is hiking interest rates with a frequency that hasn’t been seen in decades.

Investors sold off shares in major real estate investment trusts (REITs) sold off after Federal Reserve Chairman Jerome Powell announced Wednesday that benchmark interest rates would go up by 0.75% to 3% and 3.25%. 

Kwasi Kwarteng has unveiled a mini-budget that delivers billions of pound worth of tax cuts - including a surprise move to scrap the 45% top rate of income tax paid by the UK’s wealthiest. The Chancellor announced sweeping moves intended to rev up the economy in the eagerly-awaited “fiscal event”…

Wednesday marked the last day of summer as well as the confirmation of a new hike to the federal funds rate of 0.75%.

Borrowing costs at their highest level in 14 years

The Bank of England has warned that the UK economy may already be in recession, as it hikes interest rates for the seventh time to combat the spiralling pace of price rises. Inflation is still hovering nearly 40-year highs at just under 10 percent. Meanwhile, Turkey's central bank continues its…