The Latest Breaking News from Interest Rates

The Fed has undertaken three interest rate hikes so far this year and is expected to raise the rates further in the upcoming months. The rising interest rate environment makes the backdrop favorable for financial companies. Therefore, under-the-radar financial stock Nelnet (NNI), which possesses robust financials and higher-than-industry profitability, should…

Interest rates have rise 1.25%

Asian markets struggled Thursday to recover from the previous day's battering, while oil extended losses, after Federal Reserve boss Jerome Powell admitted the economy could tip into recession as the bank hikes interest rates to fight runaway inflation. Soaring prices and central banks' battle to rein them in have sent…

Asian stock markets are mostly higher after the Federal Reserve chairman said the U.S. central bank wants to avoid causing a recession but one is possible as it raises interest rates to cool surging inflation

Australia's Council of Financial Regulators is keeping a close watch on developments in the housing market as interest rates increase.

The personal finance guru says now is the time to 'maximise every penny of savings interest'

Almost 40 per cent of Australians with mortgages who have locked in ultra-low fixed interest rates will roll off them as soon as next year, raising fears that more people will default on their loans, creating financial system instability.

Wall Street has officially fallen into a bear market as investor sentiment is hammered by soaring inflation, rising interest rates and worries about a looming recession in the world’s largest economy. 

The surging inflation and the Fed’s efforts to tame it by aggressively hiking interest rates have led to many analysts forecasting a recession later this year. Investors must consider picking up stocks that generate passive income in an uncertain economic environment. Medtronic (MDT) recently announced an 8% increase in its…