The Latest Breaking News from Interest Rates

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.

TWITCHY central banks are poised to aggressively hike interest rates this week in a bid to combat soaring inflation, but they risk plunging already wobbly economies into recession say experts.

Mortgage rates reached an all time high in 1998

Millions of families have been warned that their mortgages could rise even further if Britain is hit by an inflationary spiral.

The Federal Reserve is expected to approve its largest interest rate hike in more than two decades this week. Additional rate increases are likely, as the Fed tries to regain control over inflation.

Rise to 0.35% increases median monthly home loan repayment by up to $118, but rates predicted to reach 2% in a year’s time

Will the Bank of England rate change affect you?

After April brought a raft of price hikes, there are more changes impacting the cost of living coming this month