Data compiled by Woofun AI shows that Goldman Sachs Vice Chairman and former Dallas Federal Reserve President Kaplan disclosed that persistent inflation could compel the Federal Reserve to implement interest rate hikes as early as September. Kaplan emphasized that proactive measures would be prudent should inflation metrics fail to decelerate before the specified timeframe.

Meanwhile, market sentiment shifted toward hawkish positioning following Federal Reserve Chairman Waller's indication that combating inflation remains a primary focus. This stance prompted traders to liquidate short-term government bonds, resulting in an upward pressure on certain yields.