The Latest Breaking News from Interest Rates

During inflation, consumers can adjust their spending and saving strategies to help lessen the impact that inflation has on the value of their money

Scott Morrison and Anthony Albanese are emphasising their economic credentials, against a backdrop of rising interest rates and cost of living pressures.

India's largest IPO has started taking orders from individuals and other categories after attracting anchor investors, Bloomberg reports. Retail investors can place their orders for shares of India's state-controlled Life Insurance Corporation until May 9. Also Read: India's Largest IPO Raises $736M Ahead of Listing, Attracts Foreign Investment Retail investors will be allocated 35%…

On Wednesday, the Federal Reserve is expected to raise interest rates by half of a percentage point and announce the start of reductions to its $9 trillion balance sheet as U.S. central bankers work to combat high inflation.

With six months to go until the 2022 midterm elections, the economic indicators continue to deteriorate for Democrats. While unemployment remains low and the economy continues to grow (except for a recent hiccup that few take seriously), inflation is up dramatically, and interest rates are spiking.

World-renowned contrarian investor Marc Faber says the failure of central banks to start raising interest rates sooner will lead to recession and an implosion in asset prices.

The focus of global stock markets is on the Federal Reserve ahead of the biggest hike in US interest rates in over two decades.

As the big four banks lift interest rates following the Reserve Bank's move, ANZ posts a rise in half year profit, the ASX loses early gains and investors await an expected rate increase from the US Federal Reserve.

The Reserve Bank's 25-basis point increase is just the first of many on the horizon, and Queensland homeowners need to brace for higher home loan repayments over the next 18 months, a leading property analyst says.