Global markets tremble as stocks dip ahead of a crucial U.S. inflation report, while Iran’s currency plummets to record lows amid looming new sanctions—sparking warnings of war from Tehran’s top security chief. The bond market remains turbulent, with Treasury’s emergency bond-buying offering fleeting relief as yields surge. All eyes now turn to Jackson Hole, where Fed Governor Kevin Warsh’s speech could reveal critical clues on interest rates—and oil prices are also sliding.
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