Rising Bond Yields Threaten Global Economic Stability Amid Trump's Tariff Plans

US President-elect Trump's economic policies could lead to higher global interest rates and impact Australia's economy.

Wall Street experienced a significant rally following Trump's election, but concerns over long-term interest rates are growing.
US bond yields have risen sharply, signaling fears that the Federal Reserve's rate-cutting cycle might be short-lived.
Trump's proposed tariffs on Chinese goods could harm global trade, with Australia potentially facing adverse effects due to its trade ties with China.
The Reserve Bank of Australia is cautious about the impact of US economic policies on Australia's interest rates and inflation.
RBA Governor Michele Bullock supports the Australian government's cautious fiscal policy to avoid exacerbating inflation.