Business · Important news for 21 August 2026
Several Fed Officials Considered Rate Hikes Last Month Amid Inflation Concerns
US urges allies and China to join economic pressure campaign against Iran
Bond market acts like Great Recession era as 30-year Treasury yield climbs above 5%
The 30-year Treasury yield has climbed back to 2007 levels above 5% amid investor concerns over inflation, deficits, and AI-related borrowing.
- 30-year Treasury yield climbed back above 5%
- Surge in AI-related borrowing contributing to bond market pressure
Senior Canadian officials scramble to avert proposed U.S. tariffs
US economy faces renewed scrutiny after hitting new debt milestone
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