The Latest Breaking News from Interest Rates

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.

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…

The MoneySavingExpert advises on how to slash your interest rates to nothing ahead of credit card deals worsening if the Bank of England hikes interest rates as early as tomorrow

Martin Lewis has issued an urgent warning to everybody with a credit card ahead of a predicted rise in interest rates this week, explaining they could save thousands of pounds

U.S. stocks traded higher this morning, with the Dow Jones gaining around 175 points on Wednesday. The Federal Reserve will announce its policy decision at 2:00 p.m. ET. The country’s central bank is widely expected to raise interest rates by 75 bps at the meeting. Fed Chairman Jerome Powell will…

REITs joined the rest of the stock market last week in the steady selling of shares as investors began to anticipate the effects of higher interest rates. These five sold off the most and are worth watching ahead of Wednesday’s Federal Open Market Committee meeting where rate hikes may be…

Money markets are anticipating that the Bank of England could raise interest rates to 2.5% tomorrow (September 22) in what would be the biggest rise in 33 years

Over the past 14 years, older homeowners have continued to benefit – creating an unpleasant form of economic progress, says sociologist and political economist William Davies

The financial guru has explained how credit card deals could worsen if the Bank of England increases interest rates for the seventh time in a row

Many people on interest-only mortgages have seen their bills skyrocket since rates went up in August

Experts and economists agreed that the Central Bank of Egypt (CBE) will raise interest rates during its meeting on Thursday but did not agree on the rate hike. A Reuters poll forecasted that the central bank will raise its overnight deposit rate by 100 basis points (bps) as it tries…