CoinVoice has recently learned that former Vice Chairman of the Federal Reserve, now PIMCO advisor Richard Clarida, stated that although U.S. inflation performed better than expected at the beginning of the year, it still faces significant pressure due to pre-stocking and accumulated tariffs.

He pointed out that in June, the average effective tariff rate in the U.S. rose to 15.6%, the highest since 1937, which could push inflation back above 3%. Clarida questioned whether the Federal Reserve (FED) would still maintain its forecast for two rate cuts within the year, emphasizing that if the market doubts the new chairman's independence, the stock and bond markets will react violently. He believes that the 10-year U.S. Treasury yield has already shown the return of the "bond vigilantes."