Iran’s Ghalibaf Warns US of ‘1970s Rates,’ High Gas Prices and Diesel Shortages as Treasury Yield Tops 5.1%: ‘Enjoy the Nostalgia’
Iran’s Ghalibaf mocks U.S. Treasury chief over 5.1% yields, warns of 1970s-style rates and shortages as tensions and deal talks continue.
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Why It Matters
A leader from Iran is warning that the United States might face old economic problems like high costs and supply shortages. When interest rates rise very high, it can make borrowing money expensive and slow down the economy.
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Source: Benzinga · Read the original report at the publisher. Headline and figures shown for context; data may be delayed.
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