The Latest Breaking News from Interest Rates

Asian stock markets are mixed ahead of the Federal Reserve’s announcement of how sharply it will raise interest rates to cool U.S. inflation

The Australian share market lost ground for the fourth day in a row as investors await a big interest rate rise by the US central bank, and as the Australian energy market operator suspends the wholesale electricity spot market to avert power shortages.

The Federal Reserve on June 15, 2022, lifted interest rates by 0.75 percentage point, the third hike this year and the largest since 1994. The move is aimed at countering the fastest pace of inflation in over 40 years.

The Federal Reserve is expected to raise interest rates by 1.5% by the end of July. With the SPDR S&P 500 ETF Trust (NYSE: SPY) down more than 20% from its highs, money market accounts may soon become more attractive to investors and savers in a volatile economic climate.

Stocks have ticked steadily downward as the US Federal Reserve bank raises interest rates.

The interest rate for student loans in Wales will rise from the current 4.5% to 7.3% this autumn - less than the 12% predicted

Bank to put rates up on Thursday, City expects

Philip Lowe has warned Australians they need to be prepared for substantial interest rate rises over the rest of this year, conceding he is not sure how high they might go.

The Fed will continue raising interest rates this week as inflation continues to soar. Some CEOs worry the fight to bring prices under control could end up sparking an economic downturn.

There are fears we could be on the verge of another global recession and investors are spooked.

Equity markets tumbled again Tuesday to extend a global rout fueled by fears of recession, with the Federal Reserve preparing to ramp up interest rates as inflation shows no sign of slowing. Panic has swept through trading floors since data on Friday showed US consumer prices rising at their fastest…