Stocks tumble in worst day since May, as tech shares slide and bond yields climb.

Investors, weighing the prospect of the Federal Reserve preparing to reduce its purchases of government debt, sold off bonds, pushing the 10-year’s yield to its highest level since June.

Federal Reserve Signals a Shift Away From Pandemic Support

The Fed said it could soon slow its large-scale purchases of government-backed bonds and indicated it might raise interest rates in 2022.

Opinion | Does the U.S. Economy Still Need Booster Shots?

This week, the Federal Reserve may hint at an answer.

Weak Job Gains Leave Washington on High Alert

The Federal Reserve and White House had hoped for strong job gains, and the August report did not deliver. That makes coming numbers critical.

Wall Street Sees Nothing but Good News, Even When It’s Bad

With expectations that interest rates will stay down and government spending will stay up, the stock market has learned to live with the pandemic, even as cases increase.

Some Say Low Interest Rates Cause Inequality. What if It’s the Reverse?

With an increasing share of the world’s wealth in the hands of its top earners, a savings glut is pushing asset prices up and interest rates down.

Powell Signals Federal Reserve Could Slow Bond Purchases This Year

The Fed chair warned that the Delta variant remained a risk and suggested that a rate increase was not on the table for some time.

Jerome Powell speaks at the Fed’s closely watched annual conference.

Instead of laying out how the Fed will taper its bond-buying, Mr. Powell instead explained how the Fed was thinking about Delta variant risks and recent rapid inflation.

Opinion | Inflation Could Stay High Next Year, and That’s OK

The Fed has boxed itself into a corner by predicting a rapid decline in inflation in 2022.

Banks Are Bingeing on Bonds, but Not Because They Want To

Banks are awash in deposits, and their customers are taking out fewer loans. So they have little choice but to buy up government debt, even if it means skimpy profits.

The Pandemic Is Testing the Federal Reserve’s New Policy Plan

Year 1 of the Fed’s framework, unveiled at its Jackson Hole conference in 2020, has included high inflation and job market healing. Now comes the hard part.

Opinion | ‘I’ve Seen the Challenges of Being in the “Other” Group’

An interview with Raphael Bostic of the Atlanta Fed on diversity, inclusion and monetary policy.

This Is a Terrible Time for Savers

In an upside-down world of financial markets, expected returns after inflation are at record lows.

Big Economic Challenges Await Biden and the Fed This Fall

Expiring unemployment benefits and the Delta variant add uncertainty to a recovery that has brought strong growth but an unusual labor market.

The Bond Market Is Telling Us to Worry About Growth, Not Inflation

The economy remains hot, but the future is looking less buoyant than it did just a short while ago.

The Bond Market Is Telling Us to Worry About Growth, Not Inflation

The economy remains hot, but the future is looking less buoyant than it did just a short while ago.