The Latest Breaking News from Interest Rates

The President of the Federal Reserve Bank of San Francisco, Mary C. Daly, has stated that the Federal Reserve should not rush to cut interest rates unless it is deemed necessary. Daly's comments come amidst growing speculation about the possibility of the Fed implementing rate cuts to stimulate the economy.

Pay growth is stronger than expected, underlining dilemma over when to cut interest rates

Mary Daly, President of the Federal Reserve Bank of San Francisco, discusses the US interest rate outlook and economic conditions, emphasizing data-driven ...

The dollar index (DXY00 ) on Friday rose by +0.72% and posted a 5-1/4 month high. The divergence between the Fed and ECB is boosting the dollar and undercutting the euro, with the Fed expected to delay interest rate cuts and the ECB expected to begin cutting rates in June....

Large American banks reported solid earnings Friday behind still-high interest rates while offering varying views on the likelihood the United States can avoid a near-term recession.

Former US Fed boss Ben Bernanke criticises failure to admit mistakes and change course

Here's what could happen to interest rates next.

The S&P 500 Index ($SPX ) (SPY ) Thursday closed up +0.74%, the Dow Jones Industrials Index ($DOWI ) (DIA ) closed down -0.01%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) closed up +1.65%. Stock indexes Thursday finished mostly higher, with the Nasdaq 100 posting a 1-week high....

Federal Reserve expected to cut interest rates twice in 2024 due to higher inflation, particularly in auto-related costs.