According to Jinshi Data, analyst Jersey said that some people are worried that the policies of the new US government may trigger inflation, causing the Federal Reserve to raise interest rates before the end of 2025. However, the implementation of new policies will take time.
Jersey noted that while a rate hike seemed unlikely four months ago, the yield curve could steepen given that the next step could be a rate hike. However, such a move may not happen until more data is available.