Interest rates will not rise, the federal government can’t handle higher rates and the fed reserve will continue to buy UST’s like they are going out of style. There is no Volker in the Fed Res anymore - just the opposite in fact. A 10% interest rate increase would crash the US government - adding more interest annually than we collect in taxes not even counting any actual spending.
At some point interest rates will have to rise, when inflation is 7-10% or higher, loaning money at 2% makes no sense.....
If rates don’t increase the rate of inflation will be even worse than it would be otherwise....