Around the world, rising bond yields reflect shifting expectations on how fast policymakers will raise interest rates.

The Netherlands moved some 90 tons of gold out of the Federal Reserve Bank in New York, the second European nation this year to announce it had decreased or eliminated U.S. gold holdings.

© Piroschka Van De Wouw/Reuters

To win in 2024, the president promised an economic course correction. Almost two years later, his agenda has made that fight even harder.

© Haiyun Jiang/The New York Times