According to CoinMeta, Federal Reserve officials Daly and Musalem reached a consensus on the selling pressure in the bond market, but there are differences in their policy responses. As traders significantly reduced their bets on a rate hike in September, Daly's comments indicate that there is a faction within the Federal Reserve that believes there is no need for preventive action amidst the turmoil in the bond market. Musalem, on the other hand, takes a more cautious stance on inflation prospects, although he agrees that the pressure in the bond market is not due to issues with the Federal Reserve's credibility. Both officials stated that current fiscal financing needs and capital demands related to artificial intelligence are the main reasons for the selling pressure in the bond market.