Data: Federal Reserve; Chart: Neil Irwin/Axios The Iran war is sending longer-term borrowing costs surging amid prospects for higher inflation, fewer Federal Reserve rate cuts and more federal borrowing. Why it matters: Higher rates create new pressure for an already-faltering housing sector, make the U.S. government's fiscal challenges worse and could weigh on business investment and consumers alike. - It contrasts with past geopolitical tumult, when money frequently flowed into Treasury securities as a safe haven. Driving the news: The 10-year Treasury note yielded 4.45% at around 10:30am ET, up half a percentage point from 3.96% just before the U.S. and Israeli attack on Iran. It receded some and was at 4.42% by 11:45am ET. - This…
Law enforcement officials did not identify a suspect or motive, but told Nerdeen Kiswani, a co-founder of the pro-Palestinian group Within Our Lifetime, that she had been targeted, her lawyer said.
The House Ethics Committee has found evidence that Rep. Sheila Cherfilus-McCormick violated House rules. This comes after the panel held a rare public hearing to review investigations into allegations against the Florida Democrat.
Iran-linked hackers have breached the personal email inbox of FBI Director Kash Patel, NewsNation has confirmed, publishing photographs of the director and his purported resume. #Iran #FBI #KashPatel Get a fast-paced look at the latest from the border to Main Street to the White House on "NewsNation Live with Marni Hughes." Weekdays starting at 9a/8C.#NewsNationLive NewsNation is your source for fact-based, unbiased news for all Americans.
U.S. Treasury Secretary Scott Bessent is emphatically denying a report by The Financial Times, which suggests he is pushing for the Treasury Department to exert a level of control over the Federal Reserve more akin to the British Treasury's oversight of the Bank of England. The post Trump Treasury Secretary Slams Financial Times for Fake News on Central Bank Takeover. appeared first on The National Pulse .
PULSE POINTS WHAT HAPPENED: U.S. Treasury Secretary Scott Bessent is emphatically denying a report by The Financial Times, which suggests he is pushing for the Treasury Department to exert a level of control over the Federal Reserve more akin to the British Treasury’s oversight of the Bank of England. WHO WAS INVOLVED: U.S. Treasury Secretary Scott Bessent, the Federal Reserve, and Financial Times journalists . WHEN & WHERE: Statement released on March 27, refuting the claims made by The Financial Times. KEY QUOTE: “By publishing this explicitly false story, the FT has officially become tabloid trash for market participants.” – Scott Bessent IMPACT: Bessent accuses the FT of fabricating a false narrative and damaging…Open
