Odaily reports that analyst Tatiana Darie said that all US inflation indicators in February were lower than expected, US Treasury yields fell throughout the day, and S&P 500 futures rose sharply. This overturns the increasingly popular stagflation theory since the Trump tariff shock. US CPI growth in February was lower than expected, but this improvement may be temporary, as the US has imposed high tariffs on imported goods, which is expected to raise the cost of most goods in the coming months. Data released on Wednesday showed that US CPI rose 0.2% last month, after rising 0.5% in January. And in the 12 months to February, CPI rose 2.8% after rising 3.0% in January. "The longer inflation remains above the Fed's target, even if it is due to temporary factors such as tariffs, the more likely it is that expectations will shift upward," said Stephen Juneau, US analyst at Bank of America Securities. "If that happens, it will be much more difficult for the Fed to restore price stability."