US Treasury Yields Hit 18-Year High as Fed Holds Rates Under Warsh

TLDR: US 30-year Treasury yield surged past 5.20%, its highest level recorded since 2007. Fed held rates at 3.50%-3.75% despite three dissenting members favoring a rate hike instead. Credit card serious delinquencies climbed to levels not seen since 2010 amid rising costs. Bitcoin dipped briefly on the news before recovering, showing contained crypto market reaction. [...]

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