Odaily News Analyst Tatiana Darie said that all U.S. inflation indicators were lower than expected in February, and U.S. Treasury yields fell throughout the day, while S&P 500 futures rose sharply. This overturned the stagflation narrative that has become increasingly popular since Trump's tariff shock. The U.S. CPI rose less than expected in February, but the improvement may be temporary because the United States has imposed high tariffs on imported goods, which is expected to push up the cost of most goods in the coming months. Data released on Wednesday showed that the U.S. CPI rose 0.2% last month after rising 0.5% in January. In the 12 months ending in February, the CPI rose 2.8% after rising 3.0% in January. "The longer inflation is above the Fed's target, even due to temporary factors such as tariffs, the more likely it is that expectations will turn upward," said Stephen Juneau, a U.S. analyst at Bank of America Securities. "If this happens, it will be much more difficult for the Fed to restore price stability." (Jinshi)