According to CoinMeta, as reported by The Wall Street Journal, Trump's economic team at the beginning of his second term hoped to lower long-term interest rates through fiscal constraints and deregulation, but this idea did not materialize. Tariffs increased the cost of imported goods, the war with Iran drove up oil and diesel prices, immigration restrictions reduced the labor supply, and at the same time, a boom in AI investment further increased demand for electricity and equipment, all of which contributed to heightened inflationary pressures. Currently, inflation in the United States has risen again, and the Federal Reserve has turned to raising interest rates. The yield on 10-year U.S. Treasury bonds once reached its highest level since 2007 last week, significantly higher than at the beginning of Trump's current term in office.