The Latest Breaking News from Interest Rates

Stock market today: Asian markets track Wall Street decline

Asian shares have declined, tracking losses on Wall Street ahead of a decision on interest rates by the Federal Reserve

The Independent UK · May 3, 2023

The cost of living has reached a record high, businesses are struggling, and interest rates are rising. Is a recession coming?

A day after the Reserve Bank controversially raised interest rates, new data shows living costs are at an all-time high and businesses are contracting, prompting concerns a recession may be on the horizon.

ABC News · May 3, 2023

IMF says inflation to slow growth across Mideast this year

Economies across the Middle East and Central Asia will likely slow this year as persistently high inflation and rising interest rates bite into their post-pandemic gains

The Independent UK · May 3, 2023

Sorry, what? The latest interest rates rise suggests the RBA board is completely lost to logic

How could it come up with that decision given what it said in April and the new data we have seen since then?

The Guardian - AU · May 3, 2023

Hollywood writers strike over pay in streaming era

Hollywood is at a loss for words, as thousands of film and television writers go on strike for the first time in 15 years. Members of the Writers' Guild of America voted to walk out after failing to reach a pay deal – they say they're paying the price for…

France 24 · May 2, 2023

Michael Pascoe: You want more RBA independence, Treasurer? Cop this

“So you think the Reserve Bank board lacks ticker, Jim? You think the focus on getting inflation down needs to be sharpened? Well cop this.”

The New Daily · May 2, 2023

Dollar Retreats on Signs of U.S. Economic Weakness

The dollar index (DXY00 ) on Tuesday fell by -0.22%. The dollar on Tuesday fell back from a 3-week high and posted moderate losses. Weaker-than-expected U.S. JOLTS job openings and factory orders reports knocked T-note yields lower and undercut the dollar. The dollar Tuesday initially rose on expectations for the...

Barchart · May 2, 2023

Bank Jitters and Debt Ceiling Weigh on Stocks

What you need to know… The S&P 500 Index ($SPX ) (SPY ) today is down -1.49%, the Dow Jones Industrials Index ($DOWI ) (DIA ) is down -1.43%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) is down -1.10%. U.S. stock are moderately lower on concern about the...

Barchart · May 2, 2023

US job openings dip to 9.6 million, lowest since 2021

U.S. job openings fell in March to the lowest level in nearly two years, a sign that the American labor market is cooling in the face of higher interest rates

The Independent UK · May 2, 2023

‘Deadly serious’: Why Philip Lowe thinks interest rates could rise again amid inflation fears

Interest rates will force another round of painful mortgage bill hikes to ensure inflation keeps falling from 30-year highs, Philip Lowe says.

The New Daily · May 2, 2023