FAP, April 21 (Xinhua)-- economists now expect inflation in the United States to fall faster than originally expected due to tighter credit conditions caused by the failure of several banks. According to the latest monthly survey of economists by the media, economists will reduce their expectations of the CPI and personal consumption expenditure price index for each quarter in the United States until the first half of 2024. The survey was conducted from April 14 to 19. James Knightley, chief international economist at ING, said: "Banking pressure means that lending conditions have been significantly tightened, and a hard landing seems more likely in an environment of rising loan costs, weak corporate confidence and a rapidly weakening housing market." "in this environment, inflation will slow at a faster rate, opening the door to interest rate cuts later this year," he said.