A bond sell-off driven by investor fears over inflation and rising government debt has rattled markets and threatened to raise borrowing costs for everyday Americans looking to purchase a home or car. The yield on the 30-year Treasury reached 5.3% earlier this week, its highest level since 2007, while the 10-year Treasury yield, which influences…
The Federal Reserve is expected to leave interest rates unchanged at its July meeting on Wednesday, but rising oil prices have prompted investors to sharply increase their bets that a fresh rate hike could come later this year. At the start of the year, many economists expected at least one rate cut in 2026. But…
Global oil prices neared $100 a barrel on Thursday as the conflict in the Middle East escalated, with Iran-backed Houthi rebels in Yemen targeting shipping in the Red Sea. Brent crude, the international standard, reached $98.82 a barrel, up $4.75, or 5.05%, according to oilprice.com. West Texas Intermediate, the U.S. benchmark, hit $90.67 a barrel, up…
