Global stocks moved lower Tuesday as investors confronted another surge in oil prices, sharply higher government-bond yields and uncertainty surrounding the Federal Reserve’s next move.

The benchmark U.S. 10-year Treasury yield climbed to levels not seen since 2007, while energy prices remained under intense pressure from the continuing Middle East crisis.

The combination is raising concerns that inflation could remain elevated even as borrowing costs climb, creating a difficult environment for consumers, businesses and financial markets.

Investors are now closely watching the Federal Reserve for indications of how aggressively policymakers intend to respond to renewed inflationary pressure generated in part by the global energy shock.

(YWN World Headquarters – NYC)