Comments from US treasury secretary sends tremors through already jittery financial markets
Fears of rising interest rates to dampen inflationary pressure as the global economy bounces back from Covid-19 has sent shares tumbling on both sides of the Atlantic.
Comments from the US treasury secretary, Janet Yellen, that a modest increase in borrowing costs might be needed to rein in demand was enough to send tremors through financial markets already jittery over shortages of computer chips.