Crypto World Network reports that, according to a Wall Street Journal investigation, economists expect the U.S. consumer price index (CPI) inflation this year to be 3.4%, higher than the 3.2% from the April survey. The upward revision in inflation expectations directly reflects the stubbornness of the price-fall process, shattering the market’s fantasy that inflation would quickly return to the target. This adjustment significantly strengthens the need for the Federal Reserve to keep a tight monetary policy, and the duration of a high-interest-rate environment will inevitably be extended. Market pricing for interest-rate cuts within the year has been forced to be rebuilt, and asset prices will face more severe valuation pressure. This move clearly signals that the anti-inflation campaign has entered deeper waters, further compressing the window for policy shifts.