To put it simply, the Federal Reserve believes that inflation has been controlled. Although there are still fluctuations, the overall outlook seems good. Last month, the Cleveland Fed's inflation expectation for the year was 3.2%, but the result of two months of sampling surveys by the University of Michigan was 4.3%. It indicates that inflation in the United States is increasing, but it should be noted that the data from the University of Michigan is a very small sample survey (around 500 people). So, it depends on whether you believe in the Federal Reserve or universities.