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The Latest Breaking News from Interest Rates

Warsh clinches Senate approval to be Fed's next chair as inflation intensifies

In a pivotal moment for the economy, the US Senate has officially confirmed Kevin Warsh as the chair of the Federal Reserve, just as inflation escalates. With President Donald Trump advocating for reduced interest rates, Warsh's leadership will be crucial at the next central bank meeting, where policymakers are wrestling…

The Economic Times

US Senate confirms Kevin Warsh as Federal Reserve chair, following Jerome Powell

Kevin Warsh is now the new head of the Federal Reserve. He takes charge at a difficult economic time. Inflation is high and gas prices are rising. The Fed faces internal disagreements. President Trump has pressured the Fed for lower interest rates. Warsh promises independence. He faces challenges in managing…

The Economic Times

Trump Fed chair nominee Kevin Warsh is confirmed by Senate as Jerome Powell vows to stay on board

Kevin Warsh stressed that the president did not make him pledge to cut interest rates to secure his nomination to head the Federal Reserve

The Independent UK

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Why are oil prices down and gas rates steady today, and will Brent crude, US WTI futures, Dutch and British natural gas prices rise or decline in near future? Oil dips as markets watch Iran ceasefire, Trump-Xi China summit and Strait of Hormuz risks

Why are oil prices down and gas rates steady today, and will Brent crude, US WTI futures, Dutch and British natural gas prices rise or decline in near future? Oil slipped after a three-day rise while gas stayed stable as markets tracked Iran ceasefire risks and the Trump-Xi China summit.…

The Economic Times

Global Market: OECD sees Bank of Japan raising rates to 2% by 2027 amid inflation shift

Japan's central bank might increase interest rates to two percent by late 2027. This move signals confidence in Japan's economy moving past decades of low inflation. Stronger wages and consumer demand allow for gradual borrowing cost hikes. The Bank of Japan is also expected to reduce bond purchases. This shift…

The Economic Times

US Senate approves Kevin Warsh for Fed Board, chair confirmation next

The Senate has confirmed Kevin Warsh to the Federal Reserve Board of Governors. A vote for his chairmanship is expected soon. This confirmation follows a lifted blockade by Senator Thom Tillis. The move comes as President Trump pushes for lower interest rates. Inflation is currently surging, presenting a challenge for…

The Economic Times

10 Sources of Emergency Cash, Ranked From Best to Worst

If unanticipated expenses exceed your emergency fund, here’s a look at where to go next

The Independent UK

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Why did the US stock market crash today? Dow Jones, S&P 500 and Nasdaq sink deep into red as Iran tensions and soaring oil prices fuel fresh inflation fears across Wall Street

US stock market crash today shocked Wall Street after US CPI inflation jumped to 3.8%, the highest level in three years. The Dow Jones fell more than 307 points to 49,396.89, while the S&P 500 declined 0.63% to 7,366.24. The Nasdaq Composite dropped nearly 1%. Tech stocks lost momentum. Nvidia,…

The Economic Times

Loan EMIs set to increase: Canara Bank raises lending rates by 5 bps on these tenures; Bank of Baroda MCLRs remain unchanged

Canara Bank has revised its lending rates. The bank increased its Marginal Cost of Funds Based Lending Rate by 5 basis points for all loan tenors. These new rates are effective from May 12, 2026. Borrowers with MCLR-linked loans may see higher EMIs. Bank of Baroda has kept its MCLR…

The Economic Times

Rethinking ‘idle money’ in a rising rate environment

Indian savings accounts are evolving beyond mere transactional tools. With rising interest rates, institutions like IDFC FIRST Bank are offering higher yields, challenging the traditional view of savings accounts as low-return options. This shift encourages a more active approach to managing funds, highlighting the opportunity cost of holding 'idle' money.

The Economic Times

The best cash ISAs and savings accounts paying the highest interest rates in May

War in Iran has ‘upended interest rate expectations’

The Independent UK

Why are gold and silver prices down today, and will gold drop to $4,600 and silver slip to $80? Gold slips as markets assess Middle East tensions and inflation data

Why are gold and silver prices down today, and will gold drop to $4,600 and silver slip to $80? Gold and silver moved lower as markets studied Middle East tensions, U.S. inflation data, and interest rate expectations. Analysts pointed to a stronger dollar, rising oil prices, and changes in rate…

The Economic Times

Global Market: Bank of Japan turns increasingly hawkish as oil shock fuels inflation concerns

Japan's central bank, the BOJ, is feeling pressure to raise interest rates soon. Surging oil prices linked to the Iran conflict are pushing inflation higher. Some policymakers want a rate hike as early as June. This signals a shift towards tighter policy. Investors now expect a significant change in Japan's…

The Economic Times

Silver gains Rs 3,100/kg, gold at Rs 1.54 lakh/10g ahead of US inflation data, fading peace talk hopes. What should you do?

Gold and silver prices rose on MCX Tuesday as investors turned cautious ahead of key U.S. inflation data. Weakening hopes of a U.S.-Iran peace deal lifted crude oil prices, fuelling concerns that persistent inflation could keep global interest rates higher for longer.

The Economic Times

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The Guardian - UK

UK savings: six traps to avoid when you’re finding a new deal

When fixed-rate accounts hit the end of their term, there are pitfalls to avoid when finding a new home for your cash

The Economic Times

Charting the global economy: US job growth exceeds projections

US employers added more jobs than expected for a second month. Germany's industrial output declined again. Australia's central bank raised interest rates for a third consecutive meeting. These events highlight varied global economic performance.

The Economic Times

Can Rs 10 lakh in post office FD and Rs 10,000/month in RD build Rs 1 crore retirement corpus in 20 years?

Interest rates may vary. If we talk about the post office, it offers a 6.7% interest rate on its RD, while its rate for the 5-year FD is 7.5%. Using both post office FD and RD for financial planning, you can create a nearly Rs 1 crore retirement corpus in…

Euronews

Gold vs oil: Which offers better protection from rising prices during the Iran war?

Conventional wisdom holds that gold protects investors during war and inflation. The Iran conflict has turned that assumption on its head. Since the outbreak of the war, Brent crude has rallied 37%, while gold has fallen 10%. The driving force is interest rates, not geopolitics.

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Barchart

Dollar Recovers Early Losses as Stocks Retreat

The dollar index (DXY00 ) on Thursday rose by +0.14%. The dollar recovered from early losses on Thursday and moved higher after stocks gave up early gains and turned lower, boosting liquidity demand for the dollar. The dollar also found support on Thursday’s dollar-friendly news on weekly jobless claims, Q1...

Barchart

Dollar Slips with Crude Oil on US-Iran Peace Hopes

The dollar index (DXY00 ) today is down by -0.14% but remains above Wednesday's 2.5-month low. Optimism that a peace deal between the US and Iran is imminent is curbing safe-haven demand for the dollar today. Also, today's -4% decline in crude oil prices eases inflation expectations and could prompt...

The Conversation

Increasing JobSeeker is long overdue. Here’s how we could do it, without breaking the budget

In the lead-up to the federal budget, there’s much focus on what the government will do to address cost-of-living pressures for households amid rising inflation and interest rates.

The Guardian - AU

Man arrested over alleged offensive shirt outside royal commission venue – as it happened

This blog is now closed

AAP

Oil crisis not over: warnings of diesel over $4 a litre

With the Strait of Hormuz still shut and stockpiles running down, economists warn fuel prices could spike above levels previously seen during this oil crisis.

MarketBeat

The New Fed Chair Trade: Who Wins When Warsh Takes the Helm?

Kevin Warsh’s Fed could reshape interest rates in 2026, creating winners and losers among bank stocks based on rate sensitivity and market volatility

The Guardian - AU

‘It’s quite distressing’: rate rise brings new pain for would-be homebuyers

Property prices are still rising at the entry level and as borrowing costs increase, the home ownership dream is even further out of reach

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