The Latest Breaking News from Interest Rates

Interest rates unlikely to fall amid 'once-in-a-generation' inflation battle, warns former RBA boss Glenn Stevens

The Reserve Bank of Australia (RBA) warns further interest rate increases are still possible, as a former RBA governor says the low-rate era is over, leaving households feeling like Australia is heading for recession.

ABC News · May 16, 2023

Decision to lift interest rates influenced by higher-than-forecast rent increases, RBA says

Minutes from recent meeting say surprise call was ‘finely balanced’ and aimed at diminishing the risks of high inflation becoming entrenched

The Guardian - AU · May 16, 2023

A veteran market watcher who saw the Fed creating a disaster in 2008 says 'distortions in the economy' today are still the Fed's fault

Jim Grant has been writing the “Interest Rate Observer” every week since 1983—and routinely making prescient predictions.

Fortune · May 15, 2023

Soaring interest rates to cost UK mortgage holders £12bn in extra payments

Impact of Bank of England’s decision to hike rates to 4.5% will be felt mostly by young families, thinktank says

The Guardian - UK · May 12, 2023

US interest rates may stabilise for the year

Local economists say it is possible the Federal Reserve will hold interest rates steady for one year if US inflation and the labour market remain strong.

Bangkok Post · May 12, 2023

How much interest could you earn with a savings account? Here’s a look at today’s average rates

Banks are attempting to keep up with the Fed—and compete with each other.

Fortune · May 12, 2023

Stocks Turn Lower as Long-Term Inflation Expectations Unexpectedly Climb

What you need to know… The S&P 500 Index ($SPX ) (SPY ) today is down -0.19%, the Dow Jones Industrials Index ($DOWI ) (DIA ) is down -0.10%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) is down -0.33%. U.S. stocks this morning gave up an early advance...

Barchart · May 12, 2023

Millions have seen their mortgage increase by £5,000 since interest rates began to rise

Yesterday, the Bank of England increased its base interest to 4.5% from 4.25% - which was the 12th rise since December 2021 when the rate was 0.1%

Daily Mirror · May 12, 2023

Mortgage rates: How 1% can hit your finances for the rest of your life

Just a small percentage rise can have a lasting knock-on effect, say experts

The Independent UK · May 12, 2023

3 Financial Stocks to Buy Hand Over Fist

Financial companies are known to perform well in a rising interest rate environment as higher interest rates boost their profit margins. Given the current high-interest rate environment, it could be wise to buy fundamentally strong consumer financial stocks OneMain Holdings (OMF), World Acceptance (WRLD), and EZCORP (EZPW). Read more….

StockNews.com · May 12, 2023