The Latest Breaking News from Interest Rates

Retail Store Credit Cards Now Charging 30% APR on Average

Once upon a time, retail store credit cards felt like a harmless little perk. You’d get 10% off your purchase, maybe a birthday coupon, and the occasional “exclusive” sale invite. It felt friendly. Convenient. Almost cozy.

The Free Financial Advisor · Feb 3

Think your credit score is ‘good’? Experts break down what the numbers mean

Having a good credit score opens the door for lower interest rates on loans and credit cards, potentially saving you thousands of dollars over your lifetime

The Independent UK · Feb 3

President Trump just missed a key deadline to share his spending plans: Fears are mounting about what that means for $38.5 trillion national debt

“We won’t be able to fix the debt without touching Social Security, Medicare, defense, or revenue—the math just doesn’t work. And we can’t count on heroic growth rates or crashing interest rates,” said Maya MacGuineas, president of the Committee for a Responsible Federal Budget (CRFB).

Fortune · Feb 3

US futures, Asian shares slip, tracking Wall Street's retreat, while oil falls more than $2

U.S. futures and Asian shares are lower after a retreat on Wall Street

The Independent UK · Feb 2

Most mortgaged homeowners won’t see repayments increase if the RBA hikes interest rates this week

Those who stuck to minimum loan repayments through last year’s rate cuts will bear the brunt of Tuesday’s anticipated hike, while those already paying extra are in a ‘great position’

The Guardian - AU · Feb 1

Credit Card Interest Rates Average 23.79% in January 2026 Despite Fed Rate Cuts

Credit card bills that feel like an uninvited roommate? You’re not imagining it. In January 2026, the average interest rate on credit cards sat at a jaw‑dropping 23.79%. That’s the kind of number that turns a quick lunch swipe into a months‑long relationship with interest charges.

The Free Financial Advisor · Feb 1

Why Bank of England is set to keep interest rates unchanged in first 2026 announcement

IN FULL

The Independent UK · Feb 1

How inflation rebound is set to affect UK interest rates

Most economists expect rates to be left unchanged when the Bank’s Monetary Policy Committee (MPC) announces its next decision later this week

The Independent UK · Feb 1

Interest rates hold at 3.75% a ‘near-certainty’ after inflation rebound

Most economists are expecting rates to be left unchanged when the Bank’s Monetary Policy Committee (MPC) announces its next decision on Thursday.

Evening Standard · Feb 1

Why Trump’s new pick for Fed chair hit gold and silver markets – for good reasons

After months of speculation, US President Donald Trump confirmed he will be nominating Kevin Warsh as the next chair of the US Federal Reserve. The appointment has been closely watched in the context of Trump’s ongoing conflict with the Fed and its current chairman Jerome Powell.

The Conversation · Feb 1