Analysis: The US inflation structure is showing significant divergence, and prolonged geopolitical conflicts may force the Federal Reserve to resume interest rate hikes.

CoinFeed reported on April 12 that CryptoQuant analyst Darkfost published an article on the X platform pointing out that, according to the latest data released by the U.S. Bureau of Labor Statistics (BLS), the current inflation structure in the United States has become clearer. Although the March CPI saw its largest month-on-month increase since 2022, the core CPI remained relatively stable, indicating that inflationary pressures have not yet spread comprehensively. This trend still needs to be observed in conjunction with subsequent PCE data and performance in the coming months. If this structure continues, it means that inflation has not yet become systematically embedded in the U.S. economy, but is more of a phased phenomenon, most likely related to geopolitical conflicts. However, if the U.S.-Iran conflict continues to escalate and become protracted, inflation may gradually evolve into a systemic risk, thereby dragging down economic growth. At that time, the Federal Reserve may have to take measures to continue raising interest rates to deal with it.