Yields, Mortgages, and Fed Expectations

A.M. Edition for Mar. 31. Regular unleaded gasoline crosses the $4 a gallon threshold for the first time since August 2022, and is now up more than a dollar since the start of the war with Iran. Plus, with higher energy costs and the worst quarter for stocks in four years, WSJ markets reporter Sam Goldfarb discusses why bonds aren’t proving to be the safe havens many investors hoped for. And Washington moves to tax millionaires, as the tax divide between blue states and red states widens. Luke Vargas hosts.

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