Treasury yields soar to four-point-seven-one percent as Iran tensions spike oil prices to $100 a barrel, fueling inflation fears and betting on a Fed rate hike. Mortgage rates climb as borrowing costs rise, while new Fed Chair Kevin Warsh’s policy direction — including inflation targets and balance sheet reforms — is under intense scrutiny. Global markets feel the ripple, with yields climbing in Europe and Asia. The economic outlook hinges on whether Middle East tensions ease — or escalate further.
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