The war in Iran is prompting states across the country to consider temporarily cutting fuel taxes, a relief measure that could cost them millions of dollars.
Investors are writing off any move from the Fed this month—collapsing talks in Iran have sealed the deal FortuneTreasury yields rise as collapse of Iran talks clouds inflation outlook CNBCBond Traders Snap Back to Inflation as Higher-for-Longer Sets In Bloomberg.comInflation or recession? The tug of war in bond markets The Economist