The Latest Breaking News from Interest Rates

Nearly 1 in 3 UK Residents Miss Payments as Mortgage Arrears Soar by 50% Amidst Rising Interest Rates

More UK homeowners seek financial assistance from charities and lenders as their fixed-rate mortgage deals end this year. The new, higher rates are expected to hike payments by an average of £1,800 annually, raising risks of defaults and more outstanding balances with arrears.

International Business Times UK · Aug 27, 2024

Stand by for interest rate cuts: the US is about to start, so expect Australia to follow

Just three weeks ago, Reserve Bank Governor Michele Bullock declared interest rate cuts unlikely in the next six months. But if there was any doubt about what’s going to happen to global interest rates, the US Federal Reserve chair Jerome Powell removed it on Saturday.

The Conversation · Aug 27, 2024

Geopolitical Risks Underpin the Dollar

The dollar index (DXY00 ) Monday recovered from a 13-month low and finished up by +0.13%. Rising geopolitical risks in the Middle East supported safe-haven demand for the dollar after Israel on Sunday launched airstrikes against Hezbollah targets in southern Lebanon. Gains in the dollar were limited after Monday’s news...

Barchart · Aug 26, 2024

Asian Markets Boosted By Fed Chief's Rate Cut Talk

Most Asian equities rose with the yen on Monday after US Federal Reserve boss Jerome Powell said "the time has come" to start cutting interest rates, lining up the central bank for a move as soon as next month.

International Business Times · Aug 26, 2024

Higher interest rates hit on Endeavour Group's profit

Endeavour Group says sales were up in 2023/24 but its profit dropped 3.2 per cent to $512 million as it paid more to service its $1.9 billion debt.

AAP · Aug 26, 2024

Yen Carry Trade is Yesterday's News, Seasonal Play is Next Opportunity

Recent concerns about the unwinding of yen carry trades and its potential impact on financial markets have proven less disruptive than anticipated. Despite other countries raising interest rates to combat post-pandemic inflation, Japan has kept borrowing costs low to address its long-term economic stagnation. Although the Bank of Japan (BoJ)…

Barchart · Aug 25, 2024

Any US interest cut would be good – but don’t expect miracles right away

The Federal Reserve is widely expected to start cutting rates in September after 11 rises in 16 months

The Guardian - US · Aug 25, 2024

Dollar Slumps as Powell Signals Interest Rate Cuts

The dollar index (DXY00 ) Friday fell -0.84% and posted a 13-month low. The dollar retreated Friday on a decline in T-note yields. Also, the strength in stocks Friday reduced liquidity demand for the dollar. In addition, dovish comments from Atlanta Fed President Bostic weighed on the dollar when he...

Barchart · Aug 23, 2024

Dollar Tumbles as Powell Says It’s Time to Cut Interest Rates

The dollar index (DXY00 ) today is down by -0.59% at a 7-1/2 month low. The dollar today is falling on a decline in T-note yields. Also, strength in stocks today has reduced liquidity demand for the dollar. In addition, dovish comments from Atlanta Fed President Bostic weighed on the...

Barchart · Aug 23, 2024

‘Time has come’ for US Federal Reserve to cut interest rates, says Powell

Fed chairman hails progress in battle to bring down inflation, with cut rates starting from September

The Guardian - US · Aug 23, 2024