The Latest Breaking News from Interest Rates

Neither has the first idea of what they’re doing. Truss’s proposal does little for those who need it, and Sunak’s is a desperate U-turn, says Larry Elliott, the Guardian’s economics editor

Dubai's biggest lender, Emirates NBD, posted on Thursday a jump of 42% in second-quarter net profit, boosted by higher income and lower impairments. Emirates NBD's net profit of 3.5 billion dirhams ($952.98 million) for the three months to June 30 was up from 2.46 billion in the year-earlier period. Net…

Another ‘unusually large’ hike possible to tackle inflation, depending on data, but increases will likely slow, says Fed Chair Powell

A series of rate hikes, intended to bring down inflation, have increased the risk the United States will fall into recession.

Combined with major price increases on essential items, the RBA’s policies will deliver a brutal whack to lower-income households

With the current cost-of-living crisis resulting in dramatic inflation, higher interest rates and a looming recession, people have been searching for solutions to the economic crisis. A universal job guarantee may just be the answer we’re looking for, especially since Canada lost 43,000 jobs in June.

The FOMC (Federal Open Market Committee) will announce if it is deciding to raise the federal funds rate Wednesday, July 27 with an announcement at 2 p.m. ET. Here’s a look at what major analysts are expecting the rate hike to look like.

The Federal Reserve is under pressure to continue raising interest rates aggressively with inflation at a four-decade high, the job market strong and consumers still spending

Australia's economy is being dealt a massive blow by fast-rising interest rates and slowing global growth, Treasurer Jim Chalmers will warn on Thursday.