The 30-year US Treasury yield reached 5.3% on August 18, its highest level since April 2007, with an intraday peak of 5.337%. Inflation remains above the Federal Reserve’s 2% target, with the Consumer Price Index at 3.4% year-over-year in July and energy prices rising 14.7%. US national debt is approaching $40 trillion, having grown by more than $11 trillion since fiscal year 2019. The average 30-year fixed mortgage rate climbed to 6.75%.
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