15:48
Key trading data: The Fed is losing control of interest rates, and the 30-year U.S. Treasury yield has risen to 5%.
The Fed is expected to cut interest rates in two weeks, but market interest rates have instead risen, with the 30-year Treasury yield approaching 5%. Deficit spending is out of control, investor demand for U.S. Treasuries is weakening, and core inflation has risen to over 3%, indicating an increased risk of stagflation.