Until the start of the Iran war, most central banks were comfortable holding interest rates steady, or even cutting them. But things are different now.
Idaho cut reimbursement rates for doctors and other providers who treat Medicaid patients, and pediatric practices are already selling off or taking steep pay cuts to survive. It could be a sign of things to come.
The war in the Middle East is pushing up inflation in the short term, but longer-term expectations are tamer. That’s relieved pressure on long-term bonds, though that could change if the war escalates.