The Latest Breaking News from Interest Rates

Explore the latest insights on inflation, interest rates, and what's in store for the economy as the Federal Reserve closes its annual meeting.

High interest rates siphoning money away from spending on health, education and tackling climate crisis

The US Federal Reserve will likely hold its key lending rate at a 22-year high on Wednesday -- the first of a series of crucial central bank decisions this week.

The dollar index (DXY00 ) on Tuesday fell by -0.22%. The dollar was undercut ahead of the results of the Tue/Wed FOMC meeting, where hopes have risen for the Fed to signal that it will start cutting interest rates next year. The dollar was also undercut by Tuesday’s decline in...

An underwhelming CPI report means the Fed isn't done fighting inflation just yet.

After more than a decade of disappointment, the world’s wealthiest countries may have finally fulfilled their 2009 promise to mobilise $100 billion a year to help developing countries face the climate crisis. But the harsh truth is that developing nations are going to have to pay most of that money…

The Federal Open Market Committee (FOMC) begins its 2-day policy meeting today, and the markets will be looking for signs of whether the Fed thinks it will be able to begin cutting interest rates next year. With inflation falling significantly from a 42-year high last year, rate reductions in 2024...

What you need to know… The S&P 500 Index ($SPX ) (SPY ) today is up +0.06%, the Dow Jones Industrials Index ($DOWI ) (DIA ) is up +0.26%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) is up +0.22%. Stocks this morning are posting modest gains, with the...

City Voices: If the Bank wants to avoid a long and damaging recession then it needs to act fast