Home Market Outlook Today's Market Summary U.S. Treasury yields are breaking out of multi-year consolidation ranges, signaling a potential new uptrend in rates. Rising oil prices are tightly correlated with higher interest rates and a strengthening dollar, amplifying inflationary pressures. Hotter-than-expected CPI and PPI data have led markets to remove 2026 rate cuts, with Fed Funds Futures now above the target range. Persistent high oil prices are likely to drive rates even higher as markets adjust to inflation realities. Looking for more investing ideas like this one? Get them exclusively at Reading The Markets. Learn More » Warren A Metcalf/iStock via Getty Images The surge in oil prices ( CL1:COM ), and ( CO1:COM ) appears to be finally catching up with the economic realities that were due to follow, causing rates to rise globally.…