Yield on 30-year Treasury soars as investors fret policymakers will not be able to contain the inflationary shock from Iran war

WASHINGTON, July 29 — The US Federal Reserve is expected to hold interest rates steady today, but with surging inflation fuelled by President Donald Trump’s war on Iran,...

The Iran war set off resurgent inflation amid on-again, off-again fighting.

The US Federal Reserve is expected to keep interest rates unchanged, with markets increasingly pricing in a September hike. Persistent inflation, geopolitical tensions, elevated…