The Latest Breaking News from Interest Rates

Powell's testimony to keep the interest rates higher if required has created chaos in the markets, with the U.S. jobs report looming large for the future of monetary policy. Given the volatile market backdrop, fundamentally sound dividend-paying stocks AbbVie (ABBV), Cisco Systems (CSCO), Westlake Chemical Partners (WLKP), and Spok Holdings…

“My problem with the Fed, overall, is there’s too many academics in the mix,” Ken Langone said Wednesday.

As Fed Chairman Jerome Powell cautions against higher-than-expected interest rates to curb inflation, markets fear this could tip the economy into a recession. Historically, value stocks have outperformed growth stocks in a high-interest-rate environment. Therefore, it could be wise for investors to buy fundamentally strong stocks ARC Document Solutions (ARC),…

With the Fed extremely likely to raise the benchmark interest rates higher than envisaged by policymakers, the economy and the stock market are expected to remain under pressure. Amid the uncertainty, it could be wise to invest in high-quality stocks Visa (V), Novo Nordisk A/S (NVO), and Autodesk (ADSK) for…

The Bank's interest rates have a major effect on other rates all across the UK and could directly affect your finances

We're in double-digit territory after the Reserve Bank of Australia (RBA) lifted interest rates for the 10th time since last April. Find out which major banks have responded to the RBA's March decision.

Watch: New data shows Australian home values have taken their biggest annual fall on record as interest rates rise. Sydney's rail boss and ride-share

Federal Reserve Chair Jerome Powell softened his tone slightly during a second day of congressional testimony, saying policymakers will wait for fresh jobs and inflation data before deciding how much to raise interest rates later this month.

Fed's Jerome Powell hinted in February that inflation hikes would slow because disinflation was underway. But on Tuesday, he seemed to backtrack.