How public pensions are adjusting to the pressures of the current moment—and what that means for managers of every type of pension plan.

Yields on 10-year Treasuries could exceed 4% in order to win over investors.

As inflation cools in the United States, it continues rising in Europe.

Beijing's massive oversupply in property and industry, and surging debt levels among local governments, have analysts wondering whether China is headed for a Japan-style malaise after 30 years of unprecedented economic growth.

Inflation-adjusted spending was little changed in May and has essentially stalled since February, setting up the economy for a substantial slowdown.

The FTC rolled out new merger-review hurdles aimed partly at addressing concerns that subsidies by foreign powers such as China "can distort the competitive process."

Chair Jerome Powell said this week: "Inflation pressures continue to run high, and the process of getting inflation back down to 2% has a long way to go."

The benchmark will have its last fixing at around 6:55 a.m. New York time on Friday, and some borrowers and lenders are still scrambling to amend contracts.