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Borrowing costs are surging amid Iran battle

Info: Federal Reserve; Chart: Neil Irwin/AxiosThe Iran battle is sending longer-term borrowing costs surging amid prospects for elevated inflation, fewer Federal Reserve charge cuts and more federal borrowing.Why it matters: Better charges originate contemporary power for an already-faltering housing sector, get the U.S. authorities’s fiscal challenges worse and could well furthermore weigh on business investment and customers alike.It contrasts with past geopolitical tumult…
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