🚨 THE FED SAYS INFLATION IS STILL TOO HIGH.

The same week Japan's 10-year bond yield hit levels not seen since 1996.
Different central banks.
Same global problem.
Everyone's focused on whether the Fed cuts.
Almost nobody's asking what happens if Japan changes everything.
As JGB yields rise, Japanese investors finally have a reason to bring money home.
That means less capital flowing into US Treasuries.
Less support for US stocks.
Less liquidity for risk assets.
Bitcoin is already acting like something's breaking.
So here's the question.
Is the Fed really independent right now...
Or only until November?