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The Latest Breaking News from Interest Rates

Biden administration warns consumers to avoid medical credit cards

Americans paid an estimated $1 billion in interest on medical debt in just three years, a federal agency finds. This includes use of credit cards often pitched in doctors' and dentists' offices.

WEKU

Which banks have passed on the May RBA rate rise to mortgage borrowers? NAB kicks it off, as ANZ follows

Here is a breakdown of which major banks have responded to the RBA's decision, and which ones we're still waiting on.

ABC News

FTSE 100 Live: US regional bank shares tumble further; ECB signals further rate hikes to come; FTSE down 1.2%

Next, Shell and BAE Systems have posted updates today in a session when another major central bank is expected to hike interest rates.

Evening Standard

From analysis to the latest developments in health,
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Asian stocks shrug off latest Fed hike

Asian stocks and US futures edged higher on Thursday as investors brushed aside US Federal Reserve comments that interest rates won’t fall this year and instead looked ahead to eventual policy easing.

Bangkok Post

Markets as it happened: ASX closes down as US Federal Reserve raises interest rates

Australian shares closed down weighed down by bank stocks. NAB reports cash profit jump of 17 per cent but its shares slumped as the result was below market expectations.The US Federal Reserve raised interest rates by another 0.25 of a percentage point. Keep up with market events and insights from…

ABC News

NAB profits soar on higher interest rates

National Australia Bank has delivered a 17 per cent lift in interim profits, boosted by rising interest rates and more business lending.

The New Daily

US central bank lifts rates to highest in 16 years

The Federal Reserve has raised interest rates by a quarter of a percentage point and signalled it may pause further increases.

The New Daily

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Sell in May? Possibly!

'Sell in May and go away" is an old market saying that is likely to ring true this year. Several risk factors have emerged, such as small US banks facing deposit outflows and central banks continuing to raise their interest rates amid stubbornly high inflation.

Bangkok Post

Federal Reserve hikes interest rates for 10th time, signals pause

The US Federal Reserve has hiked interest rates for the tenth time in a row, bringing the key lending rate to its highest level since 2007. But the central bank has signalled it could pause further rate hikes, as inflation eases and turmoil continues to spread across the American banking…

France 24

Fed Lifts Interest Rates Yet Again: What the Experts Are Saying

Although the Fed raised interest rates for a 10th consecutive meeting, it finally opened the door to a pause in its tightening campaign.

Kiplinger

Fed raises interest rates, hints possible end to series of hikes

The Fed signaled that it could pause rate hikes after this meeting, though it left the door open to another increase.

Axios

Fed rate hikes, recession fears and political backlash leave ESG investors at a crossroads

The Federal Reserve raised interest rates again on May 3, 2023, by a quarter point, making it the Fed’s 10th rate hike since March 2022 in an ongoing fight to tame inflation. These rate hikes have been reverberating through the economy, raising prospects of a recession amid heightened concerns about…

The Conversation

The Fed raises interest rates again in what could be its final attack on inflation

The Federal Reserve raised interest rates by a quarter percentage point Wednesday in an effort to curb persistent inflation. It was the tenth rate hike in 14 months, and possibly the last for a while.

WEKU

US Federal Reserve votes to increase interest rates to 16-year high

Rise in benchmark interest rate is 10th hike since March 2022, when the Fed started its rapid inflation-fighting campaign

The Guardian - US

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The Independent UK

How a Fed increase could affect credit card debt, auto loans

If, as expected, the Federal Reserve raises interest rates yet again in its drive to cool inflation, much of America will be directly affected

Fortune

4 CEOs sound off on inflation, interest rates, and where the economy is headed

At the annual Milken Institute Global Conference, chief executives gave insight into what's to come.

Insider UK

Lloyds beats forecasts with 46% profit rise after interest rates boost

Banking group expects the economy to fall by 0.6% in 2023 overall, slipping into a 'mild recession' over the first three quarters

The Independent UK

Stock market today: Asian markets track Wall Street decline

Asian shares have declined, tracking losses on Wall Street ahead of a decision on interest rates by the Federal Reserve

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ABC News

The cost of living has reached a record high, businesses are struggling, and interest rates are rising. Is a recession coming?

A day after the Reserve Bank controversially raised interest rates, new data shows living costs are at an all-time high and businesses are contracting, prompting concerns a recession may be on the horizon.

The Independent UK

IMF says inflation to slow growth across Mideast this year

Economies across the Middle East and Central Asia will likely slow this year as persistently high inflation and rising interest rates bite into their post-pandemic gains

The Guardian - UK

Fed to raise interest rate again amid core inflation pressure

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

The Guardian - AU

Daniel Andrews blames Victoria’s huge pandemic debt on RBA interest rates advice

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

The New Daily

‘Smashing families’: Premiers take aim at RBA rate rises

Three premiers have taken aim at the RBA over rapidly rising interest rates, following Tuesday's decision to impose another hike.

The Independent UK

Rising turmoil is making Fed's rate decisions more perilous

Poised to raise interest rates Wednesday for a 10th time, Federal Reserve officials are facing two competing economic trends that could make their future rate decisions more difficult and treacherous

The Guardian - AU

Sorry, what? The latest interest rates rise suggests the RBA board is completely lost to logic

How could it come up with that decision given what it said in April and the new data we have seen since then?

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