US borrowing costs hit fresh highs over inflation fears
The effective interest rate on 10 years rose to 4.79%, its highest level since January 2025, as oil prices surged.
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"if it did not cool 'then I think we should act decisively to raise rates'"
— Michael Barr , Executive
"policymakers would 'have work to do' if they were not confident cost-of-living pressures were easing for Americans."
— Kevin Warsh , Executive
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The effective interest rate on 10 years rose to 4.79%, its highest level since January 2025, as oil prices surged.
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