Rising Bond Yields and Inflation Pose Market Risks

Bond traders are surrendering to inflation fears. It's raising the stakes for Washington

Aluminum prices are up nearly 17% since the U.S.-Iran conflict, with experts warning of a major supply shock due to Middle East outages, the Hormuz chokepoint, and potential Chinese output curtailments.

Fed's Kashkari emphasized inflation concerns but refrained from commenting on the timing of the next rate decision.