BUSINESSGUARDIAN US
First Thing: US government borrowing costs hit new high as strikes on Iran resume
US government borrowing costs reached a 2007 high after the Federal Reserve maintained its key interest rate, causing stocks to fall. The Fed's chair, Kevin Warsh, emphasized commitment to addressing inflation, which rose following renewed strikes on Iran and the end of a ceasefire. Major stock indices like the S&P 500 and Dow Jones dropped significantly.
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Adjacent reporting
- US borrowing costs hit 19-year high as Fed defies inflation fears
- US borrowing costs hit 19-year high as Fed holds interest rates
- Bond sell-off over Iran war drives borrowing costs
- US stock markets fall amid Iran strikes and potential higher interest rates
- US borrowing costs hit 19-year high as Fed holds interest rates