The High Price of Inflation: How Bond Yields Are Squeezing Consumers The recent surge in bond yields has sent shockwaves through the financial markets, and its effects are being felt by consumers across the board.
Rising long term borrowing costs have made it more expensive for those looking to purchase a home or finance a car, leading to steeper monthly payments.
Inflation has been a persistent issue, with the annual rate clocking in at 3. 4% in July, well above the Federal Reserve's target of 2%.