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Bond Yields and Diesel Prices Put the Fed in a Tough Spot
Bond yields are climbing, diesel prices are surging, and the Fed is heading into next week’s meeting with fresh inflation pressure building across the economy.
Chuck Zodda and Mike Armstrong discuss why jobless claims still show a stable labor market, why producer prices remain hotter than the Fed would like, and how the latest move in Treasury yields could push mortgage rates back above 7%. They also break down why diesel prices may clear $6 a gallon, how fuel costs could ripple through shipping, construction, groceries, and home heating oil, and why a proposed $5,000 stimulus check could…
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