The Latest Breaking News from Interest Rates

Relief for mortgage holders after 14 consecutive rises as UK economy comes under growing pressure

The United Auto Workers and the US's Big Three carmakers remain far apart in their negotiations as time is running out before the union plans to escalate its strike on Friday. Last week, workers walked off the job at three plants, each belonging to Ford, General Motors and Stellantis. Also…

The Bank of England held interest rates at 5.25% today, ending a run of 14 consecutive hikes.

Asian shares are lower, tracking a slump on Wall Street after the Federal Reserve said it may not cut interest rates next year by as much as it earlier thought

Markets revise forecasts, raising chance interest rates may be kept on hold for first time in two years

Federal Reserve officials held interest rates steady at their monthly policy meeting on Sept. 20, 2023 – only the second time they have done so since embarking on a rate-raising campaign a year and a half ago. But it is what they hinted at rather than what they did that…

October WTI crude oil (CLV23 ) on Wednesday closed down -0.92 (-1.01%), and Oct RBOB gasoline (RBV23 ) closed down -3.89 (-1.46%). Oct WTI crude oil and gasoline prices Wednesday gave up early gains and posted moderate losses after the Federal Reserve raised its estimate for interest rates next year,...

The Federal Reserve left interest rates unchanged Wednesday, despite stubborn inflation, although it left the door open to an additional rate hike in November or December.

City Voices: Most of the macroeconomic factors facing the UK economy, bar inflation, now point to a policy rate which is too restrictive