Economists raise US CPI inflation forecast for this year to 3.4%, higher than the 3.2% surveyed in April

According to a survey by The Wall Street Journal, economists expect the US Consumer Price Index (CPI) inflation to be 3.4% this year, higher than the 3.2% surveyed in April. AI interpretation: The upward adjustment of inflation expectations directly reflects the stubbornness of the price decline process, breaking the market's illusion of a rapid return to the target of inflation. This revision has significantly increased the necessity for the Federal Reserve to maintain a tight monetary policy, and the duration of the high interest rate environment is bound to be prolonged. The pricing logic of the market for interest rate cuts within the year is forced to be restructured, and asset prices will face more severe valuation pressure. This move clearly declares that the battle against inflation has entered a deep water zone, and the window period for policy shift has been further compressed.