U.S. Gets Unexpected Bounty From Slow Growth Abroad

The world’s pain is America’s gain.

Weak economic growth in Europe and the rest of the world is leading to lower energy prices and interest rates in the U.S. Gasoline prices nationwide have dropped 24 cents per gallon since the start of June on ample oil supplies worldwide. The yield on 10-year U.S. Treasury notes, meanwhile, was 2.54 percent yesterday compared with 3.03 percent at the start of the year, dragged down by falling rates in Europe.