U.S. bond yields surge as financial markets tumble, inflation jumps

All major indexes – Dow Jones Industrial Average, S&P 500, and the Nasdaq Composite – tumbled today, raising concerns of a looming recession following last week’s reports from the U.S. Bureau of Labor Statistics of a 40-year high 8.6% consumer inflation rate and a 3.0% decline in real earnings for the month of May. According to […]