Get used to higher interest rates

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The Federal Reserve raised interest rates to get inflation under control. One side effect is that taking out a mortgage to buy a home has gotten very expensive. That's especially a problem for some homeowners who managed to get a lower mortgage rate years ago. They have a sort of ...  Show more

The Federal Reserve has signalled that US borrowing costs are likely to remain higher for longer, and cruise operator Viking Holdings rose on its market debut. Plus the FT’s Owen Walker explains what the exit of HSBC chief executive Noel Quinn means for the bank’s China strate ...

To fight historic levels of inflation, the Federal Reserve this week, once again, raised interest rates, its most powerful weapon against rising prices.

The move was intended to slow demand, but there was also a psychological factor: If consumers become convinced that in ...

The Bank of England has raised interest rates to their highest level in nearly 15 years. Money expert Martin Lewis explains what it means for people with mortgages, renters and savers. He says increasing interest rates to tackle inflation is designed to hurt. Also, Education Secr ...  Show more