CoinMeta data: Research by Citi indicates that the Federal Reserve ( Fed ) may not need to implement the aggressive interest rate hikes that the market expects. Although the global inflation rate is expected to be 3.5%, Citi believes that the economy remains strong. Nathan Sheets, the global chief economist of Citi, argues that there are weak reasons for aggressive tightening in the future. Citi also mentioned that the price of Brent crude oil is approaching $105 per barrel, which has led to an upward revision of its global inflation forecast by nearly 1 percentage point. Diesel prices have risen by nearly 50%, and gasoline prices have increased by about 20%. Since February, Citi has raised its forecasts for several major economies by about 50 basis points. Nevertheless, long-term inflation expectations remain stable among major economies. Citi predicts that the Bank of Japan will raise interest rates three more times before the end of 2027, bringing the policy rate to 2%.