The Latest Breaking News from Interest Rates

The digital currency hovered around $70,000 most of the week. But it had a tumultuous weekend, falling below $62,000 Saturday before heading back toward $65,000 Sunday morning.

Strong hiring and low unemployment is welcome news though the labour market is expected to weaken as the economy responds to higher interest rates.

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.

The dollar index (DXY00 ) on Thursday climbed to a 4-3/4 month high and slightly higher. Higher T-note yields Thursday supported the dollar after the 10-year T-note yield rose to a 4-3/4 month high. Also, Thursday’s US weekly initial unemployment claims report fell more than expected to a 5-week low,...

The recent uptick in US inflation has weakened the case for the Federal Reserve to start cutting interest rates, a senior Fed policymaker told AFP on Thursday.

IMF warns about the impact of rising US interest rates on the global economy and stresses the need for coordinated policy responses.

Federal Reserve officials are cautious about cutting interest rates amidst economic uncertainty and global trade tensions.

Federal Reserve's Collins discusses current stance on interest rates and economic outlook, emphasizing data-driven decision-making and confidence in U.S. e...