Vice President JD Vance said President Donald Trump's administration is "quite confident" that current inflation and CPI data justify a Federal Reserve rate cut, arguing that lower borrowing costs would improve housing affordability. His comments contrast with market pricing: CME FedWatch showed a 66.2% probability of a hike at the Fed's Sept. 16 meeting. Federal Reserve Governor Christopher Waller said he was prepared to leave the federal funds rate unchanged at the Sept. 15-16 meeting. Meanwhile, the 10-year Treasury yield reached about 4.8%, the highest since January 2025, and the 30-year yield remained above 5% as the U.S. national debt surpassed $40.12 trillion.