The Latest Breaking News from Interest Rates

The Federal Reserve raises rates again, this time by a quarter point, bringing the federal funds rate to a target range of 4.75% to 5%. As interest rates rise, savings rates for high-yield savings accounts usually do, too.

Interest is how your money can grow in a savings account.

NEW DELHI: The Federal Reserve raised interest rates by a quarter of a percentage point on Wednesday, but indicated it was on the verge of pausing further increases in borrowing costs amid recent turmoil in financial markets spurred by the collapse of two US banks.

It's the 11th consecutive time that interest rates have been increased - and it's bad news for the property market

Despite the bank failures, the Fed will likely keep raising interest rates to bring inflation down. This is expected to keep the stock market under pressure. Amid this backdrop, it could be wise for investors to add high-quality stocks Visa (V), Amgen (AMGN), and Box (BOX) to their watchlist. Keep…

The Bank of England has increased the base rate for the 11th time in a row. We look at whether rates could rise further this year, and what the latest hike means for your mortgage and savings

Interest rates are an inherently blunt tool — they come with unfortunate and imprecise time lags. But they remain our best device for bringing inflation down, contributing to economic stability and ultimately prosperity.

The UK's interest rate has been risen up for the 11 consecutive time in a bid to drive down inflation

The UK economy is expected to grow slightly between April and June, revising a previously forecasted drop

Monetary Policy Committee voted seven to two to increase rates

The Bank of England has hiked the interest rate to 4.25%