Deluge of inflation data pushes US borrowing costs to 2007 levels

Yield on two-year Treasury note hovers nears 5% as investors brace for further Fed rate rises

Financial Times

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Deluge of inflation data pushes US borrowing costs to 2007 levels

The moves follow weeks of unrelenting data showing inflation in the US running hotter than economists had expected, putting pressure on the Federal Reserve to redouble efforts to tamp down growth by raising interest rates. (Representative image)

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