Inflation surge forces US, Japan, UK rate decisions amid bond turmoil

Central banks in the US, Japan, and the UK are set to make rate decisions this week against a backdrop of surging inflation and turbulent global bond markets, with the Iran war adding pressure. The outcome is uncertain, but the direction points toward potential rate hikes, which could tighten financial conditions globally. This matters because it signals a shift from prior easing expectations and could impact growth and risk assets.