Traders in India are so convinced that slowing inflation will lead to a rate cut that the central bank’s increasing intervention in the bond market isn’t bothering them. Benchmark 10-year yields, which fell to a two-week low on Wednesday, will probably continue their decline after data showed consumer-price gains slowed to a record low, according to Kotak Mahindra Asset Management ...

Federal Reserve Chair Janet Yellen’s prepared testimony for her semi-annual report to Congress made clear that central bankers are struggling to understand the recent downward trend in inflation. Still, it is important to remember that the path of monetary policy depends not just on inflation, but also on unemployment. Yellen knows this, and it would be a mistake to interpret ...

The conviction of former President Luiz Inacio Lula da Silva on corruption charges shows how far justice has come in Brazil. Yet Brazil’s next and stiffer test is in ensuring that allegations about current President Michel Temer receive a full and transparent investigation, and that the execution of justice is not reduced to back-room politics. Brazil’s future — the future ...