Global Bond Market Rout Continues, Fed’s Barr Ponders Decisive Action
Oil is up again along with bond market yields. Fed rate hike is more likely.
Source: Mish Talk
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DW NOTE
The Strait of Hormuz has been effectively closed for six months, stranding 2,000 ships and cutting 6 million barrels per day from global supply. Oil is down 24% from its crisis peak in January. If the Fed hikes into that chart, it's because they've decided inflation optics matter more than the recession they're about to create.