The Latest Breaking News from Interest Rates

Australian stocks lose their gains despite a rise on Wall Street after the US Federal Reserve increased official interest rates — from between 0.75pc and 1pc to between 1.5pc and 1.75pc — to curb surging inflation, with the move seeing US stocks rally. And the national unemployment rate stayed steady…

No doubt remains as to whether the Bank of Thailand will raise interest rates. The bank's governor has made it clear they must be raised to deter rising inflation, and that this must be done in a timely manner. Analysts have taken his speech as indicating a 25bp hike will…

Thursday: Preschool ‘play-based’ overhaul, electricity market in strife and Ukraine refuses to surrender city. Plus: chickens fed cannabis

Netflix Inc (NASDAQ: NFLX) shares surged Wednesday after the Federal Reserve raised interest rates by three-quarters of a percentage point, representing the most aggressive rate hike since 1994.

Get up to speed on today's headlines with The Loop.

Governments usually change after a recession, not before one, so the job is a nice one – to manage the recovery. But this time is different.

Consumers are already paying more for gas, groceries and everyday items, but they should expect to fork over more in other parts of their lives after Wednesday’s interest rate increase.

U.S. stocks traded higher toward the end of trading, after the Federal Reserve raised interest rates by 0.75%.

Wall Street braces for rises in borrowing costs in July and September as 8.6% inflation spurs on central bank

The Federal Reserve raised interest rates by 75 basis points — the biggest increase since 1994 — and Chair Jerome Powell said officials could move by that much again next month or make a smaller half-point increase to get inflation under control.

The Federal Reserve raised its target fed funds rate by 0.75% on Wednesday to a new range of between 1.5% and 1.75%, its largest interest rate hike in 28 years.