Global Economy Is Facing the Prospect of Another Profound Shock - The New York Times

kept by eddie mar 03

The article argues that a prolonged Middle East conflict risks a surge in energy costs and renewed global inflation, creating a profound economic shock.

US 30-Year Yield Hits Highest Since 2007 as Selloff Deepens
The US 30-year Treasury yield surged to 5.20%, its highest since 2007, driven by inflation fears from the Iran war and mounting deficits.
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Groceries Are Expensive. Here’s How 5 Shoppers Are Adjusting.
Five shoppers across the U.S. are cutting back on groceries by switching to store brands, buying in bulk, meal planning, and reducing meat consumption due to sustained food inflation.
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One Million New-Car Buyers Are Gone and They’re Not Coming Back Soon - WSJ
The U.S. new-car market has lost about one million buyers since 2020, as automakers plan for stagnant or shrinking sales due to high prices and inflation.
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