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

Are Americans in the mood for more Trump?
World Opinion

Are Americans in the mood for more Trump?

Voters think things are out of control. He will reassure some and terrify others.

One US supreme court case could mess up chunks of the tax code
World

One US supreme court case could mess up chunks of the tax code

Justices will debate the meaning of ‘income’ under the 16th US Amendment.

Why is everyone so unhappy at work right now?
World

Why is everyone so unhappy at work right now?

US employees are more dissatisfied than they were in the thick of the pandemic.

Volunteers flock to Israel to fill jobs made vacant by conflict
World

Volunteers flock to Israel to fill jobs made vacant by conflict

Airline passengers speak of filling voids caused by the war with Hamas.