Surging energy prices push inflation up to highest level since March

The Office for National Statistics (ONS) said Consumer Prices Index (CPI) inflation stats are out

The Office for National Statistics said Consumer Prices Index inflation rose to 2.9% in July, up from a 15-month low of 2.6% in June.

The Office for National Statistics said Consumer Prices Index inflation rose to 2.9% in July, up from a 15-month low of 2.6% in June.

The Office for National Statistics said Consumer Prices Index inflation rose to 2.9% in July, up from a 15-month low of 2.6% in June.

Oil prices on Tuesday reached their highest level since July as the war in Iran drags on without an end in site. CBS News national security analyst Aaron MacLean has more.

The yield on the U.S. 30-year Treasury bond surpassed 5.3 percent on Tuesday before a slight downtick, foreshadowing an increase in borrowing costs across the country. The 30-year bond yield is 5.284 percent as of Tuesday afternoon, after opening at 5.308 percent and peaking at 5.337 percent earlier in the day. That ma

Yields on the 30-year U.S. Treasury and government bonds across the world rose to multiyear highs as investors fret about inflation, deficits and A.I. spending.

High bond yields put upward pressure on mortgage and credit card rates.

Concerns about inflation and more debt supply is hitting the fixed income sector.

US 30-year yields hit highest level since 2007 as war, oil worries fester  Reuters