The Latest Breaking News from Interest Rates

Asian shares are trading mostly higher, as investors felt relief from the head of the Federal Reserve indicating it will “proceed carefully” on interest rates

Roy Morgan research shows 1.5 million people – almost a third of all mortgage holders – are spending 25 to 45% of their income on their home loan

The 2020 global pandemic caused interest rates to fall to historical lows as the U.S. and other worldwide central banks provided an unprecedented liquidity tidal wave. The tsunami of government stimulus only increased the money supply and planted inflationary seeds that bloomed and caused the hawkish response since March 2022.…

Interest rates in the European Union will need to stay high “as long as necessary” to slow still-high inflation, Christine Lagarde, president of the European Central Bank, said Friday