The Latest Breaking News from Interest Rates

Consumers have been reining in their spending in response to high interest rates and new data may signal a continuation of this trend.

The U.S. economy continues to defy gravity, growing rapidly despite high interest rates. Consumer spending is powering the expansion, but it's not clear how long that can last.

An inflation gauge that is closely monitored by the Federal Reserve showed price increases remained elevated in September amid brisk consumer spending and strong economic growth

Today’s PCE deflator report was in line with market expectations but was sufficiently high to support the market’s current thesis that the Fed will keep interest rates higher-for-longer. The PCE deflator is the Fed’s preferred inflation measure. The market this week reduced the chances for a Fed hike in December,...