The Latest Breaking News from Interest Rates

‘Disappointing’: Big banks post huge profits, but leave savers behind

Some of Australia’s big banks are posting gargantuan profits this week as rising mortgage bills fatten their coffers.

The New Daily · May 5, 2023

April jobs report may point to US labor market's resilience

Month after month, the nation’s job market has stood its ground against howling headwinds — rising interest rates, chronic inflation, major bank failures and economic uncertainties across the world

The Independent UK · May 5, 2023

A Seasonal Market Pattern to Assist Your Personal Finance

The US Government's 10-Year Treasury Note significantly impacts the global economy. It also affects your personal finance when it comes to acquiring essential assets. We will discuss these impacts and how they may influence your personal finance decisions.

Barchart · May 5, 2023

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 · May 4, 2023

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 · May 4, 2023

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 · May 4, 2023

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 · May 4, 2023

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 · May 3, 2023

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 · May 3, 2023

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 · May 3, 2023