EconomyBessent’s effort to cool rising rates backfires as bond yields surge and stocks tumble
Treasury Secretary Scott Bessent’s latest effort to cool what he called the market’s “fever” backfired, triggering a sharp sell-off in bonds and a slide in stocks.
People in this report Scott Bessent
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NBC News★★★★☆2026-09-09 16:33Original
Bessent’s effort to cool rising rates backfires as bond yields surge and stocks tumble
Economy