U.S. inflation pressures rise, Federal Reserve rate cut expectations adjusted

Geopolitical tensions are intensifying, and U.S. inflation pressure has become the focus of the market. Investors are reassessing the Federal Reserve's rate-cut path, and U.S. Treasury yields are rising. Analysts point out that the surge in oil prices has shifted the market's attention from "risk aversion" to "inflation defense." If military conflicts in the Middle East continue to affect crude oil supply, it will push up U.S. inflation pressure, reduce the Federal Reserve's monetary policy flexibility, and increase uncertainty about the global economic outlook.