The main reason is that nominal GDP still looks vulnerable, running at just below a 4% pace. A more robust expansion would typically be characterized by nominal growth of at least 6%, ie ...

This article takes a look at a long-term perspective on Treasury yields as of the June 30, 2023 close. The chart below shows the 10-year constant-maturity yield since 1962, along with the Fed ...

Japan's real wages rose in December for the first time since March despite rising inflation, as nominal pay grew at the fastest pace in nearly 26 years with robust winter bonuses.