Bond Market Flashes Fresh Inflation Warning for Trump's Budget Push
TL;DR Summary
Rising inflation fears and energy-price shocks from the Iran war pushed U.S. borrowing costs higher, with the 10-year Treasury yield above 4.4% and mortgage rates at a nine-month high, worsening affordability and complicating Trump's deficit plans as debt service climbs and markets pressure lawmakers ahead of the midterm elections.
- Trump faces a new inflation warning from the bond market, adding to his midterm challenges PBS
- Republicans stare down inflation abyss with midterms fast approaching CNBC
- Inflation won Trump the presidency, but could cost him the midterms The Guardian
- ‘High risk gamble’: How Trump’s economic messaging is hurting Republicans Politico
- Trump’s Loyalty to Fossil Fuel Companies Is Driving Up Inflation Institute for Policy Studies
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