The Latest Breaking News from Interest Rates

Tesla made record profits last year, even as high interest rates slowed down the global economy and hurt consumer sentiment, but the company's boss, Elon Musk, is dismissing speculation the car maker cut prices because of slowing demand, saying demand for the vehicles has reached record highs.

Rising costs and interest rates have made it more difficult for Americans to save for emergencies.

The Bank of Canada “resolutely” declared it will fight inflation by raising interest rates. To demonstrate its unwavering commitment to reaching the bank’s two per cent inflation target, today’s eighth consecutive interest rate hike brings the policy rate to 4.5 per cent. The bank expects to hold the rate for…

5.8 million consumers entered the credit market for the first time in 2021, new study says. What you should know before applying for new credit as interest rates rise.