According to Jinshi, commodity price assessment agency Argus pointed out that the United States is currently facing a worrying problem: the sluggish real estate industry, high interest rates and mortgage rates, rising rents, and the Fed's tightening policy constitute a vicious circle. Due to high house prices and high mortgage rates, US housing economic activity is far below the level of two years ago. In order for the industry to improve, interest rates and mortgage rates must fall. However, the inflation retreat process has stagnated and rents remain high, keeping housing inflation high, accounting for one-third of consumer inflation. The Fed is currently considering two or fewer rate cuts in the second half of 2024, and it had predicted three or more rate cuts a few months ago.