FED HOLDS RATES- THE TRAP IS NOW SET

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The Federal Reserve just held interest rates and signaled rising uncertainty tied to inflation, global conflict, and economic instability. Markets reacted immediately:
• The 10-year Treasury yield climbed back toward ~4.3%–4.4%
• Mortgage rates remain near 6.5%
• Oil prices moved back near $100
• Stocks sold off
• Gold and silver declined amid liquidity stress

At the same time,

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