The Latest Breaking News from Interest Rates

The Prime Minister says Anthony Albanese's push for wages to keep pace with inflation is "reckless", but Labor says the alternative is for people's pay to go backwards.

Rocket Companies Inc., the Detroit-based parent company of mortgage lending giant Rocket Mortgage, on Tuesday said first-quarter profit was down roughly 63% year-over-year as the mortgage lending industry faces headwinds including rising interest rates.

The technology industry, which powered the U.S. economy during the pandemic and grew at tremendous scale during a decade of ultralow interest rates, is confronting one of the most punishing stretches in years.

By Neil Debenham To say 2022 has been a tumultuous year so far would be nothing short of an understatement. The cost of living is soaring, inflation is at its highest level in 30 years and the energy price cap rose by 54% at the start of April. 

Although rising interest rates continue to put pressure on the technology industry, the cybersecurity industry is expected to perform well due to increasing cyber threats with extensive digitization. However, not all stocks in the sector are expected to gain from the industry tailwinds. For instance, we think it is wise…

Last week, the Federal Reserve announced that it’s raising interest rates by half a percentage point, bumping the federal funds rate to a target range of 0.75 to 1.00 percent. The move follows an increase of 0.25 percent in March, as the Fed continues reducing liquidity to the financial markets…

Asian stocks fell Monday as investors remained anxious over inflation and the ongoing impact of China's Covid lockdown policies, despite an initial Wall Street bounce thanks to a solid US jobs report. Global markets have taken a beating over a series of crises including surging inflation, rising interest rates, China's…

Newcastle Herald readers have their say.

Confidence surveys this week will provide a guide to how consumers and businesses are handling rising interest rates and inflation.