What higher interest rates are telling us

<div>Data: Federal Reserve; Chart: Neil Irwin/Axios</div><p>The bond sell-off and the resulting higher interest rates are largely a story of higher growth prospects in the United States, Treasury Secretary Scott Bessent argued Tuesday.</p><ul><li>"If we look at the composition of the bond yields — inflation expectations are flat-to-down," he said in a fireside chat at this week's <a href="https://www.axios.com/2026/09/01/g20-economy-finance-debt-bessent" target="_blank">G20 meeting</a> of global

Original reporting by Axios · Courtenay Brown. GridIndex is an aggregation and intelligence layer — full credit to the original publisher.