Chelsey Dulaney

Investors are now pricing in a 70% chance that the Federal Reserve raises rates at its Sept. 15-16 meeting. That is up from 37% a week ago, according to CME Group data. The jump in rate expectations is a major driver behind the rise in U.S. Treasury yields. Investors increasingly believe central b

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Resurgent oil and gas prices have reignited concerns over price pressures.

Investors are betting that today's rate increase from the European Central Bank won't be its last, adding fuel to a selloff in government bonds. Investors now see the ECB's deposit rate ending the year at 2.75%, Tradeweb data shows, implying another quarter-point increase. Before Thursday's decisio

European Central Bank President Christine Lagarde pushed back against recent media reports that she is preparing to resign to lead the World Economic Forum. "When there is something to report about me personally, you’ll be the first one to know...after my grandchildren," Lagarde said at a press con

The ECB lifted some of its inflation forecasts and warned inflation is "set to remain well above target for an extended period." That language marked a shift from the central bank's July policy decision, where it emphasized energy prices were still close to its baseline forecast and highly uncertain

The European Central Bank raised interest rates for the second time this year and warned inflation pressures aren't going away soon, leading investors to price in more policy tightening from the central bank.

Mallorca is taking a less-is-more approach to tourism as anger swells among locals.

MALLORCA, Spain—This Mediterranean island is a tourist paradise, with glittering turquoise seas, hidden coves and endless white-sand beaches that have been luring Europeans for generations.

The 10-year U.S. Treasury yield briefly broke above 5% as widening instability in the Middle East pushed up oil prices, deepening investor concerns about inflation.