The Latest Breaking News from Interest Rates

Recessions can be challenging to predict, and experts use economic data and trends to make informed judgments about when a recession has begun or is likely to occur. But why predict when a consistent pattern ultimately illustrates when a recession starts?

Number of house sales also fell in August compared with a year earlier, says HMRC

The average interest rate paid on new mortgages, which had only been edging up even as lenders rapidly increased prices, rose by jumped to 4.82%

What you need to know… The S&P 500 Index ($SPX ) (SPY ) on Thursday closed up +0.59%, the Dow Jones Industrials Index ($DOWI ) (DIA ) closed up +0.35%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) closed up +0.84%. Stocks on Thursday posted moderate gains as technology...

As the Bank of Canada prepared to announce its decision on interest rates in early September, Tiff Macklem, the bank’s governor, received imploring letters from premiers spanning both the country and the political spectrum.

What you need to know… The S&P 500 Index ($SPX ) (SPY ) today is up +0.19%, the Dow Jones Industrials Index ($DOWI ) (DIA ) is up +0.23%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) is up +0.05%. Stocks this morning are modestly higher. Stocks are wavering...

The U.S. economy grew at a 2.1% annual pace from April through June, extending its sturdy performance in the face of higher interest rates, the government said Thursday, leaving its previous estimate unchanged

Millions ‘holding on with their fingertips’ due to high interest rates, squeezed wages and Covid costs, says the European TUC boss, Esther Lynch

If you look at what’s increased most in price over the past year, such as petrol, there is little that higher interest rates would change

Dow hits lowest since March while Amazon faces legal action; Asian markets rebound

The dollar index (DXY00 ) on Wednesday rose by +0.36% and posted a 9-3/4 month high. The dollar found support from Wednesday’s stronger-than-expected U.S. Aug capital goods new orders report, which helped push the 10-year T-note yield to a 16-year high and strengthened the dollar’s interest rate differentials. Also, a...