The Latest Breaking News from Interest Rates

Stock Market Today: Stocks Swing After Fed Signals More Rate Hikes

The Fed stood pat on interest rates this time around but the central bank's hawkish outlook made for a volatile afternoon.

Kiplinger · Jun 14, 2023

Corporate ‘greedflation’ could lead to a ‘deeper for longer’ recession, top investment bank strategist warns

Greedflation may force the Federal Reserve to keep interest rates “higher for longer” to fight inflation, pushing the economy into recession.

Fortune · Jun 14, 2023

Dollar Falls as Fed Pauses Rate Hikes

The dollar index (DXY00 ) on Wednesday tumbled to a 4-week low and finished down by -0.43%. Wednesday’s U.S. May PPI report showed an easing of producer price pressures that knocked T-note yields lower and weighed on the dollar. The dollar recovered from its worst levels after the FOMC raised...

Barchart · Jun 14, 2023

Federal Reserve holds interest rates steady, signals more hikes could be ahead

Indicators have shown that economic demand is still hot with strong consumer spending.

Axios · Jun 14, 2023

Federal Reserve officials announce pause in US interest-rate hikes

Even with the pause, Fed officials suggest further increases may come depending on how close economy gets to 2% inflation target

The Guardian - US · Jun 14, 2023

What you should know as the Fed nears the peak of its rate-hiking cycle

The Federal Reserve’s likely decision Wednesday afternoon to leave interest rates alone for the first time in 11 meetings will raise hopes that it may be nearing the end of its rate-hiking campaign to cool inflation

The Independent UK · Jun 14, 2023

Who will get the blame for UK mortgage misery?

The government has ordered banks to protect people struggling to pay their mortgages as interest rates were predicted to rise as high as 6% by the end of the year.

The Week · Jun 14, 2023

UK has no choice but to raise interest rates to curb inflation, says Jeremy Hunt

Chancellor gives unstinting support to Bank of England as households brace for borrowing costs to rise again

The Guardian - UK · Jun 14, 2023

Mortgage chaos continues as HSBC raises prices for second time in a week

HSBC will raise the price of its mortgages for the second time in less than a week as lenders expect interest rates to rise to 5.75% by the end of the year.

Evening Standard · Jun 14, 2023

Pyrex and Instant Pot maker files for bankruptcy protection in US

Instant Brands, which blames rising interest rates for financial problems, will continue to serve retailers

The Guardian - UK · Jun 14, 2023