The Latest Breaking News from Interest Rates

Work and Pensions Secretary Mel Stride claimed the 'economy is turning the corner'

Stocks in the U.S., Japan and Germany have risen 20% or more

Ready to rev up the economy, Japan's government plans to raise its long-term rate estimate to 1.9% in next year's budget, according to Nikkei.

Get ready for some creative economic moves! Chile's central bank has cut the benchmark interest rate to a cool 8.25%. Let the financial tango begin! 💃💰🎩

What you need to know… The S&P 500 Index ($SPX ) (SPY ) Tuesday closed up +0.59%, the Dow Jones Industrials Index ($DOWI ) (DIA ) closed up +0.68%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) closed up +0.49%. Stocks on Tuesday settled moderately higher, with the S&P...

The dollar index (DXY00 ) on Tuesday fell by -0.37%. Lower T-note yields Tuesday weighed on the dollar. Also, hawkish ECB comments Tuesday supported the euro and weighed on the dollar. In addition, the strength in stocks on Tuesday reduced the liquidity demand for the dollar. Tuesday’s U.S. housing news...

Suddenly the talk in global financial markets has spun from “when will interest rates next rise?” to “how soon before they fall?”.

Central banks on both sides of the Atlantic kept their main interest rates unchanged for the fourth successive month in December 2023. These rates are closely watched because they set the minimum interest at which your bank borrows and lends. This determines the cost of credit for all firms and…

Today, the Bank of Japan (BOJ) voted unanimously (9-0) to maintain its policy rate at -0.1% and keep its 10-year JGB yield target at about 0%. The BOJ offered no guidance on whether it might scrap negative rates next year, which knocked the yen (^USDJPY ) down more than -1%....