CPI broke through》10-year US Treasury yield soared to 4.66%, the largest increase this year, will the Fed only cut interest rates once this year?

The latest release of the January CPI in the United States exceeded market expectations, leading to a significant delay in the market's forecast for the Fed's interest rate cut this year. Traders of US government bonds have postponed the next interest rate cut from September to December, and Peter Cardillo, Chief Market Economist at New York Spada Capital Securities, believes that if the inflation situation continues, the Fed will no longer cut interest rates this year. (Background: US CPI exceeds expectations, Trump calls for rate cut; Putin agrees to ceasefire negotiations; BTCRebound breaks through $98,000)