Interest Rate Hikes

10-Year Treasury Yield Crosses 5% for First Time in 16 Years; Global Economy's Twin Engines Rev Up; Markets React to Federal Reserve Chairman's Remarks

Federal Reserve's persistent measures against high inflation send 10-year Treasury yield over 5%, affecting rates on various consumer loans. The U.S. and China show stronger-than-expected economic growth defying recession fears despite skyrocketing U.S. bond yields.