The Latest Breaking News from Interest Rates

Is the Bank of England up to the job of managing the UK's monetary policy? The leader of The Campaign for Fair Finance Dr Roger Gewolb offered me his views of the UK's central bank.

Japanese tourism and exports see gains while fund outflows and higher import costs cause pain

July WTI crude oil (CLN24 ) Thursday closed down -1.32 (-1.67%), and July RBOB gasoline (RBN24 ) closed down -5.64 (-2.29%). Crude oil and gasoline prices Thursday closed moderately lower. Concern that interest rates will stay higher for longer sparked risk-off sentiment in financial assets on Thursday and undercut crude...

July WTI crude oil (CLN24 ) today is down -0.80 (-1.01%), and July RBOB gasoline (RBN24 ) is down -3.53 (-1.44%). Crude oil and gasoline prices today are moderately lower. Concern that interest rates will stay higher for longer have sparked risk-off sentiment in financial assets and are undercutting crude...

Why aren't politicians on both sides more worried than they seem to be?

The dollar index (DXY00 ) today fell back from a 2-week high and is down -0.33%. Today’s dovish US economic reports knocked T-note yields lower and are weighing on the dollar. Also, dovish comments Wednesday evening from Atlanta Fed President Bostic undercut the dollar when he said he’s looking for...

The number of Americans applying for unemployment benefits ticked up last week, but layoffs remain historically low in the face of lingering inflation and high interest rates

An estimated 1.6 million households face spiralling debts as they are hit by huge hikes in interest rates

The critical driver behind rising bond yields worldwide is stubbornly high inflation, thanks to robust consumer spending in the world's largest economy and supply-side pressures. These pressures prevent central banks from easing monetary policy.