The Latest Breaking News from Interest Rates

Artificial general intelligence may not lead to the deflationary future some investors expect, according to Harvard professor and former IMF Chief Economist Ken Rogoff.

The dollar index (DXY00 ) on Tuesday fell by -0.55% and posted a 1-week low. The dollar retreated Tuesday after President Trump announced a tentative ceasefire between Israel and Iran, which curbed safe-haven demand for the dollar. Also, Tuesday's sharp rally in stocks reduced liquidity demand for the dollar. The...

Trump claimed that Americans will be paying for Powell’s “incompetence” for years to come, while the FOMC has maintained it needs greater clarity before lowering the base rate.

The Federal Reserve held interest rates steady at 4.25%-4.50% during Wednesday’s June meeting, with Chair Jerome Powell signaling no urgency to cut rates as officials monitor potential tariff-driven inflation impacts.

Canadian investors purchased $9.2 billion of U.S. government bonds in April, but the value of their total Treasury holdings fell by $58 billion.

The FTSE 100 index closed down 51.67 points, 0.6%, at 8,791.80.

COMMENT: Forget homeowners with tracker mortgages or those desperate for a better deal – the person who’s hurting the most from the Bank of England’s decision not to lower interest rates is Rachel Reeves, says James Moore

Lower interest rates will be a lever for growth but the Middle East conflict and rising food prices will have troubled MPC

Average savings rates have been on a downward path in recent weeks, but some providers have unveiled new products.