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30-year US Treasury yield hits highest level since 2002
Concerns over inflation, the budget deficit and heavy Treasury issuance pushed long-term U.S. bond yields to multi-year highs.
UK budget set to spotlight tax rises and debt pressure
The Treasury will balance tax options, housing support and fuel duty as fiscal room tightens ahead of the October 28 budget.
Debate Over a U.S. Diesel Export Ban Raises Global Price Risks
A possible move under discussion in Washington could ease pressure at home in the short term, but tighten supply in Europe and Latin America.
US Funflation Accelerates as Hobby Spending Keeps Rising
Bank of America data show Americans are spending more on hobbies even as travel and entertainment costs climb.
Barr Signals Fed Could Hike Again as Inflation Stays Stubborn
Ahead of the Sept. 15-16 meeting, Michael Barr said the Fed could tighten again if price pressures do not slow enough.
UK borrowing costs rise as budget and loans come under pressure
Long-dated gilt yields have climbed to their highest levels in decades, creating fresh risks for public finances, mortgages and household support.
U.S. 10-Year Treasury Yield Jumps to 4.79% on Inflation Fears
Fresh attacks in the Middle East pushed oil above $92 a barrel, strengthening expectations that the Fed could raise rates this month.
Ikea cuts prices on hundreds of products across Europe
With household budgets under pressure from the rising cost of living, the company is rolling out permanent discounts on shelving and storage items with a €1.2 billion budget.
UK Long-Term Borrowing Costs Hit Highest Level Since 1998
The yield on Britain’s 30-year government bond climbed to 5.89%, squeezing fiscal room ahead of the late-October budget.
Eurozone inflation rises to 3.3%, rate-hike bets grow
Price pressures accelerated in August on higher energy costs, as markets now expect the European Central Bank to act again on Sept. 10.
US Mortgage Rates May Stay Near 7% Through 2027
New forecasts suggest that inflation and rising construction costs will keep housing affordability from improving much next year for would-be buyers who have been waiting on the sidelines.
Goldman Sachs Says Strait of Hormuz Recovery Is Capping Oil Prices
Goldman Sachs said the rebound in flows through the Strait of Hormuz from March lows has reduced the risk of a crude oil spike, though LNG and refined products remain vulnerable.
India’s economy grew 7.8% in Q1, beating forecasts
Growth in finance, real estate and tech services kept the Indian economy strong in April-June despite a weak agricultural outlook.
Scottish business groups reject plan for food price cap
Twenty-three organisations from the retail and manufacturing sectors say a legal cap on staple food prices would add to costs rather than ease inflation.
Warsh Signals Rate Hike Remains in Play at Jackson Hole
Fed Chair Kevin Warsh reiterated the 2% PCE target and signaled that a tighter move could come in September if price pressures stay elevated.
Why Wall Street Is Debating K, C and E-Shaped Growth
The K-shaped recovery story is being challenged again as wages, spending and credit card data fuel talk of a C- or E-shaped U.S. economy.
Warsh signals rate hikes if inflation stays elevated
With U.S. inflation still above target at 3.4% in July, Kevin Warsh delivered a hawkish message at Jackson Hole.