Imo, the interest rates are irrelevant at this point. Either its 20% and does something, or it does nothing.

The real action is in the money printer going brrr. Even as fed keeps talking about raising rates and doing QT, all it has done is print more money.

So I think the end game is becoming clear. The allies (BRICS) will keep dumping the US treasuries, forcing Fed to stabilise the market by keep printing more money and dumping their assets. This in turn exposes the real inflation, which will be sold as "hyper inflation". I predicted 9% + inflation numbers for this month, and reaching 10% either next month or after that - depending on the timeline.

10% is the psychological barrier, when everything starts melting down.