The Latest Breaking News from Interest Rates

The peak welfare body says the next government should commit to full and sustainable employment, as rising interest rates threaten record low unemployment.

Small business owners are already being hit as consumers cut back on non-essentials

The ASX loses ground as the Reserve Bank raises interest rates to curb surging inflation, while US stocks end higher after a volatile trading session, and billionaire Mike Cannon-Brookes becomes the biggest investor in AGL to block its plan to split its business.

RBC Capital analyst Mark A. Dwelle raised the price target for Fairfax Financial Holdings (TSX:FFH) (OTC:FRFHF) to $750 from $675. The analyst kept Outperform rating for the shares. Dwelle stated that the hard market is still driving strong top-line growth and improved underwriting margins, and management did a great job of protecting book value as…

Vladimir Putin has knocked over the European Central Bank’s house of cards with his war against Ukraine, and Europe will face difficult monetary conditions for years to come.

The Federal Reserve is set to raise interest rates at its May meeting after it hiked rates for the first time since 2018 in March. The nation’s central bank is expected to lift the benchmark Fed funds rate by 0.5 percent, according to the CME FedWatch Tool.

Some important financial changes will be made in the month of May

The Federal Reserve will likely soon learn what gymnasts already know: sticking a landing is hard.

April brought a huge raft of bill increases including a huge hike to energy bills, as the cost of living crisis deepened. But what does May have in store for families? We explain all the changes