Global borrowing costs soar to pre-financial crisis levels
MSN·- Global borrowing costs have surged to levels last seen before the financial crisis due to fears over unsustainable government debt piles. - Factors including the Iran conflict, the AI industry's heavy borrowing, and inflation fears drove the 30-year US Treasury yield to a two-decade high. - These developments reflect growing market anxiety that governments are losing control over their mounting financial obligations.U.S. Consumer Prices Inch Up In Line With Estimates In July, Annual Growth Edges Lower
rttnews·- The US Department of Labor reported that consumer prices rose by 0.1 % in July following a 0.4 % decline in June. - This monthly increase matched economists' expectations. - The annual growth rate of consumer prices decreased slightly from 3.5 % in June to 3.4 % in July, aligning with forecasts.