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What the Jump in Global Interest Rates Means for the Economy

Global interest rates are rising. Interest rates on U.S. government bonds can affect everything from auto and student loans to mortgages.

© Ken Cedeno/SIPA, via Associated Press Images

In the U.S. government bond market, the borrower is the federal government and the bonds are called Treasuries.
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House prices head for historic 10% drop as fourth interest rate hike looms

Cotality data reveals property prices are now falling in more than 90% of Australian suburbs, while analysts expect market downturn to continue

The prospect of the steepest property market downturn in history will not stop the Reserve Bank from delivering a fourth interest rate hike as it battles to bring inflation back under control, economists say.

New data from Cotality revealed house prices are now falling in more than 90% of Australian suburbs, amid a perfect storm of higher borrowing costs, a weak economy, and a once-in-a-generation change in the tax treatment of property investors.

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© Photograph: James Ross/AAP

© Photograph: James Ross/AAP

© Photograph: James Ross/AAP

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Satsuki Katayama, the Woman at the Center of Japan’s Currency Fight

Japan’s finance minister, Satsuki Katayama, is under pressure to strengthen the yen while balancing competing demands from the prime minister and Washington.

© Manami Yamada/Reuters

Japan’s finance minister, Satsuki Katayama, at the Tokyo Stock Exchange in January. She is seen as bridge between American and Japanese policymakers.
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