Feel the lethal power of the inflation "kill line": Average new car prices top $51,000, baby food price increases hit a record! Fed rate hike expectations extended to 2027

Zhitong Finance APP has learned that from new cars with average prices exceeding $51,000 to baby food and formula that rose 5.1% in a single month, the inflationary pressures facing American consumers remain broad-based. This is why, after the CPI inflation data released Tuesday evening Beijing time came in above expectations, market discussion about the Federal Reserve being about to "raise rates by 50 basis points" was reignited, which in turn caused the three major U.S. stock indexes to close lower on Tuesday after a brief rebound.