The Latest Breaking News from Interest Rates

Expected hike in benchmark rate to a range of 5% to 5.25% could push US into recession

Victorian premier says interest rates are ‘smashing families’ despite 2020 advice to national cabinet

“So you think the Reserve Bank board lacks ticker, Jim? You think the focus on getting inflation down needs to be sharpened? Well cop this.”

The dollar index (DXY00 ) on Tuesday fell by -0.22%. The dollar on Tuesday fell back from a 3-week high and posted moderate losses. Weaker-than-expected U.S. JOLTS job openings and factory orders reports knocked T-note yields lower and undercut the dollar. The dollar Tuesday initially rose on expectations for the...

What you need to know… The S&P 500 Index ($SPX ) (SPY ) today is down -1.49%, the Dow Jones Industrials Index ($DOWI ) (DIA ) is down -1.43%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) is down -1.10%. U.S. stock are moderately lower on concern about the...

U.S. job openings fell in March to the lowest level in nearly two years, a sign that the American labor market is cooling in the face of higher interest rates

Interest rates will force another round of painful mortgage bill hikes to ensure inflation keeps falling from 30-year highs, Philip Lowe says.

Australians are waiting to see how much more they will pay for essential goods and services like food after the Reserve Bank's decision to hike interest rates for the 11th time.

The Reserve Bank has resumed heaping pain onto Australian home owners, raising interest rates in May for the eleventh time in a year.