Fed hike bets surge as yields hit 19-year high
MSN·- The U.S. 30-year Treasury yield reached a 19-year high due to bond sell-offs related to inflation concerns. - Markets indicate a 70% chance of a rate hike by December 2026, with expectations rising for 2027 under new Fed chair Kevin Warsh. - Consumer sentiment dropped to record lows in May, with long-run inflation expectations climbing to 3.9%.