Trump roast again that the interest rate is too high, and the yield of US debt declines

Golden Finance reported that US bond yields fell as Trump increased pressure on Powell to cut interest rates significantly. Trump posted on the social media Truth Social stating that the current federal funds rate is at least 3 percentage points higher. Trump is looking for a new candidate for the position of Federal Reserve Chairman and has made it clear that he hopes to choose someone who aligns with his views on monetary policy. CME data shows that the market generally expects the Federal Reserve to keep interest rates unchanged at its meeting later this month. Traders are mainly betting that the Federal Reserve will cut interest rates by 25 basis points at its September meeting. Against this backdrop, US bond yields are heading towards ending their previous five consecutive trading day upward trend.