Bessent Begs Fed For Mercy As Hormuz Stand-Off Sends Oil Soaring And 10-Year Yield To Nearly 20-Year High
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Source: Zero Hedge
Published: 2026-09-29 01:40 UTC+10:00
Section: General
Factuality Score: 100
Opinion Category: Neutral
Topics: Politics, Energy, Economy & Finance, Financial Markets, World News, Business & Economy
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Snippet:
If you wanted a textbook example of a central bank trapped between a geopolitical rock and a stagflationary hard place, welcome to September 2026. To wit: the ongoing standoff in the Strait of Hormuz is tearing through the global energy market, and the resulting inflation shock is vaporizing the bond market.
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