The Latest Breaking News from Interest Rates

With the persistent rise in lifestyle diseases, the pharmaceutical industry is well poised for strong growth in the long term. Also, with the Fed likely to keep increasing the interest rates, the economy is likely to enter a recession, making pharma stocks attractive investment options. Therefore, investors could look to…

Soaring interest rates have pounded most S&P 500 stocks. But a handful are thriving anyway — despite efforts by Fed chief Jay Powell.

Governor states optimistic outlook that the UK can avoid a recession, after being on a 'knife edge' last month

Bank governor Andrew Bailey speaks after increasing rates to highest level in 14 years

His comments come after interest rates were lifted to 4.25% from 4%.

"The Fed is playing with fire," warns former Labor Secretary Robert Reich

The Bank of England raised interest rates by 25 basis points to 4.25% as the Pound edges higher and the UK Stock hold steady 

The ASX finished trading lower on Friday, with Afterpay owner Block Inc dropping 18 per cent in the wake of a scathing report by short-seller Hindenburg that alleged the company "misled" investors. Look back at the day's market's and business news as it happened.

Tens of thousands of borrowers will face repayments hundreds of pounds higher a year