Is the news from #XRPETFs starting again? Let's analyze it briefly. Trump is eager for the Federal Reserve to cut interest rates to keep long-term U.S. Treasury yields below 4.5%, but the Fed Chair completely ignores Trump. Trump is now continuing tax cuts to fulfill his election promises, passively waiting for the government to run out of money and shut down, and the situation continues to escalate.

It's just that short-term debt is about to mature. The Federal Reserve either has to cut interest rates or expand its balance sheet; otherwise, the government will shut down. It happened once in 2020, and the Fed later similarly expanded its balance sheet to solve the problem. However, this time the situation is different from last time. Last time was due to the pandemic, and although expanding the balance sheet solved the issue, it led to both debt and stock market turmoil. This time the situation is even worse, compounded by the decoupling between China and the U.S. Continuing to cut interest rates or expanding the balance sheet may further exacerbate soaring CPI. Let's see what happens.