I see Trump isn't planning to intervene either; is this shock therapy?
The US Treasury market is punishing the Fed and inflation.
Whether the Fed raises rates or not doesn't matter anymore, as the bond market has already done it for them.
I posted about this before, but the situation has worsened. The 30-year Treasury yield is now at its highest in 20 years, even higher than during the financial crisis.
The Fed's decision to hold rates steady in July disappointed the bond market. Investors feel the Fed isn't taking inflation seriously enough, so they are selling Treasuries in protest, demanding higher yields before they're willing to buy.
This sentiment has now spread from the US globally.
As I've said before, while we haven't reached a breakdown stage or faced severe consequences yet, this must be taken seriously. If we don't act now, it will be too late.
$SPDR Gold Shares(GLD.US)$Invesco QQQ Trust(QQQ.US)$VG S&P 500(VOO.US)$iShares barclays 20+ Yr Treasury Bd(TLT.US)$Direxion 20+Yr Trsry Bull 3X(TMF.US)$SPDR Djia(DIA.US)
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