The Wall Street Journal

Bond selloff threatens hopes for economy’s soft landing

Bond selloff threatens hopes for economy’s soft landing
(Image: Getty)
The Wall Street Journal
By Nick TimiraosA sudden surge in long-term interest rates to 16-year highs is threatening hopes for an economic soft landing, all the more because the exact triggers for the move are unclear.The US Federal Reserve has been raising short-term rates for 1½ years. Those increases are designed to push up longer-term bond yields, combating inflation by slowing the economy. But the speed of the latest jump might be a case of “be careful what you wish for.” It comes as inflation has eased, and the Fed has signalled it is nearly don...

More World

Transylvania's last Saxons revive its stunning ghost villages
Travel

Transylvania's last Saxons revive its stunning ghost villages

They fled Romania's communist dictator. Decades later, they've come home.

Australia plans tech-platform charge to shore up news media
Media

Australia plans tech-platform charge to shore up news media

Govt to levy platforms that do not have agreements with local news publishers. 

RBA watching for tariff war
Trade

RBA watching for tariff war

Australia likely to escape US tariffs because of trade deficit. 

RBA’s policy shift brings February cut into focus
Finance

RBA’s policy shift brings February cut into focus

The central bank’s assessment reflected growing confidence that inflation is being tamed.