ChainCatcher News, according to Jinshi reports, Chief Economist Cheng Shi of ICBC International stated at the 2025 China Chief Economist Forum that the adjustment path of U.S. monetary policy in 2025 will be a "rapid then gradual" process. Currently, it is expected that the Federal Reserve will cut interest rates by about 50-75 basis points in 2025.

Cheng stated that the re-inflation risks faced by the U.S. can be viewed from two dimensions: first, the current U.S. inflation is in a zone where it is easy to rise but difficult to fall, so there is very little downward space and great difficulty in continuing to decline. In fact, there are many 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 self-fulfill, which will create substantial upward pressure on inflation.