The Latest Breaking News from Interest Rates

Worries about upcoming US inflation data and the Federal Reserve's outlook for interest rates permeated Asian trading floors Wednesday, while the euro continued to struggle owing to political uncertainty in Europe fuelled by shock EU election results.

Three Democratic senators, led by Elizabeth Warren, have called on interest rate cuts from the Federal Reserve at its upcoming meeting this week.

S&P 500 gains 0.3 percent ahead of US Federal Reserve’s latest decision on interest rates.

Most borrowers are adapting to tough financial conditions but the number of people in hardship or struggling to meet repayments is growing.

The S&P 500 Index ($SPX ) (SPY ) Monday closed up +0.26%, the Dow Jones Industrials Index ($DOWI ) (DIA ) closed up +0.18%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) closed up +0.39%. Stock indexes on Monday recovered from early losses and posted mild gains. The S&P...

The dollar index (DXY00 ) Monday rose by +0.24% and posted a 3-1/2 week high. The dollar moved higher Monday on carryover support from last Friday’s stronger-than-expected US May payroll report, which curbed expectations for Fed rate cuts. Also, higher T-note yields on Monday strengthened the dollar’s interest rate differentials....

The dollar index (DXY00 ) today is up by +0.41% at a 3-1/2 week high. The dollar is moving higher today on carryover support from last Friday’s stronger-than-expected US May payroll report, which curbed expectations for Fed rate cuts. Also, higher T-note yields today are supportive for the dollar and...

The timing of the first quarter-point cut to the federal funds rate remains as opaque as ever.

The US Federal Reserve is likely to keep interest rates unchanged this week, but could pare back the number of cuts it has penciled in for this year, as policymakers digest a mixed bag of economic data.