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oil prices have bounced back from the abyss jumping wednesday to a two thousand fifteen high above sixty dollars in the u. s. leading the bond market to believe the federal reserve is right in thinking inflation is not dead a climate overall prices bacon's defense plans to raise key interest rates for the first time in almost a decade bond yields have spiked as a result draining money away from the stock market and threatening to send borrowing costs for everything from car loans to mortgages up as well i'm congregations in new york higher interest rates already impacting the housing market applications for refinancing last week fell to their lowest levels , that's a direct result of inflation expectations being reset in the u. s. and abroad and there is fear that interest rates could rise even further at a talk on wednesday patio jenna yellin said she is worried about a disorderly unwinding of the bond market and a sharp jump in long term rates as investors braced themselves for the fed's next move a warning heard all across wall street sending the dow into negative territory for the year just about for most of the day as stocks join in on a global selloff when to expect the feds big move is a matter of intense debate since the u. s. economy is still showing pockets of