Online reported that data showed that in February, the Fed's preferred inflation indicator continued to rise at a stubborn rate, while the monthly rate of personal spending fell short of expectations, indicating that household demand was weaker than expected, indicating that consumers have become more cautious amid growing concerns about their financial situation. After the data was released, stock index futures fell further, and government bond yields remained at a low level. Swap traders continue to expect two 25-basis point rate cuts this year, with the first rate cut expected in July. Today's report shows that inflation is stubborn and that Trump's planned tariffs could further exacerbate price pressures. His aggressive trade policies have already frustrated business and consumer confidence, coupled with signs of growing financial pressure on households, have raised concerns that the economy may fall into stagflation or even recession.