The Bond Market Warns Washington
Treasury yields are rising as investors question whether America's fiscal future is secure. Higher yields could lead to higher mortgage rates, credit card rates, auto loans, and borrowing costs for the federal government.
Inflation and a Possible Federal Reserve Rate Hike
Diesel and energy prices are putting additional pressure on the economy. With employment still strong and inflation above the Federal Reserve's target, markets are increasingly expecting interest rates to rise.
Iran Rebuilds Its Ballistic Missile Program
Intelligence reportedly shows that Iran has access to materials needed to resume production of ballistic missiles. The development comes amid growing concerns about Iranian aggression against American forces in the Middle East.
Houthis Seize a Strategic Red Sea Port
Iran-backed Houthi forces have reportedly captured the Yemeni port city of Mokha, increasing their control over a critical shipping route. The development could threaten global trade, shipping, and oil prices.
Despite the troubling economic and national security news, there is still reason for hope. All things work for the good of those called according to God's purposes.
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