The Latest Breaking News from Interest Rates

Minutes from recent meeting say surprise call was ‘finely balanced’ and aimed at diminishing the risks of high inflation becoming entrenched

Jim Grant has been writing the “Interest Rate Observer” every week since 1983—and routinely making prescient predictions.

Impact of Bank of England’s decision to hike rates to 4.5% will be felt mostly by young families, thinktank says

Local economists say it is possible the Federal Reserve will hold interest rates steady for one year if US inflation and the labour market remain strong.

Banks are attempting to keep up with the Fed—and compete with each other.

What you need to know… The S&P 500 Index ($SPX ) (SPY ) today is down -0.19%, the Dow Jones Industrials Index ($DOWI ) (DIA ) is down -0.10%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) is down -0.33%. U.S. stocks this morning gave up an early advance...

Yesterday, the Bank of England increased its base interest to 4.5% from 4.25% - which was the 12th rise since December 2021 when the rate was 0.1%

Just a small percentage rise can have a lasting knock-on effect, say experts

Financial companies are known to perform well in a rising interest rate environment as higher interest rates boost their profit margins. Given the current high-interest rate environment, it could be wise to buy fundamentally strong consumer financial stocks OneMain Holdings (OMF), World Acceptance (WRLD), and EZCORP (EZPW). Read more….