PANews, January 4th news, according to Jinshi reports, the chief economist of ICBC International, Cheng Shi, stated at the 2025 China Chief Economist Forum annual meeting that the adjustment path of U.S. monetary policy in 2025 will be a process of 'first urgent and then gradual.' Currently, it is expected that the Federal Reserve will lower interest rates by about 50-75 basis points in 2025. Cheng Shi mentioned that the re-inflation risks faced by the U.S. can mainly be viewed from two dimensions: first, the current U.S. inflation is in a zone where it is easy to rise and difficult to fall, with very little space and significant difficulty for further decline; in fact, there are many potential factors that could drive U.S. inflation upward. Second, the current market has formed an upward expectation for U.S. inflation, and inflation expectations tend to be self-fulfilling, which will create substantial upward pressure on inflation.