Wall Street digests bitter economic data

Wall Street digests bitter economic data

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Fed and BoJ expect rate hikes as US bond market flails

US Treasury secretary Scott Bessent’s interventions in the American bond market haven’t worked so far, but could interest rate decisions from the Federal Reserve and Bank of Japan this week change things? Plus, Russia hit a Ukrainian train line moments after foreign dignitaries t ...  Show more

Oil hits $108 ahead of Iran’s meeting with Gulf states

US long-term borrowing costs surged to their highest level in more than two decades, and Gulf foreign ministers plan to meet their Iranian counterpart to negotiate a deal temporarily managing shipping through the Strait of Hormuz. Plus, Brics – the developing world’s answer to th ...  Show more

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