Gate News message, on April 12, CryptoQuant analyst Darkfost posted on the X platform stating that the current U.S. inflation structure has gradually become clearer. While the March CPI data recorded the largest month-over-month increase since 2022, the core CPI has basically remained unchanged, indicating that inflation pressure has not yet broadly spread. This trend needs to be continuously watched in subsequent PCE data and over the coming months. Darkfost noted that as long as this structure continues, it suggests that inflation has not yet formed a systemic embedding in the U.S. economy and is more of a phase-based phenomenon, which may be related to geopolitical conflicts. However, if the duration of the U.S.-Iran conflict is extended, inflation may gradually evolve into a systemic risk and begin to affect economic growth. At that point, the Federal Reserve may only be able to respond by continuing to raise interest rates.