First Thing: US government borrowing costs hit new high as strikes on Iran resume

Federal Reserve votes to hold its key interest rate steady, sending stocks tumbling. Plus: the origins of Coca-Cola may have been foundGood morning. US government borrowing costs have hit their highest level since 2007 after the Federal Reserve voted to hold its key interest rate steady, feeding fears it may not move fast enough to tame a rise in inflation. Kevin Warsh, the central bank’s chair, said the Fed would “…