Following the release of the CPI data, futures for all three major U.S. stock indexes turned negative.

Following the release of the CPI data, futures for the three major U.S. stock indexes briefly plunged and have now turned negative. AI Interpretation: Inflation data failed to decline as the market expected, revealing stubborn price stickiness. This result directly shattered optimistic hopes for a short-term rate cut, forcing the market to reprice the Fed's tightening path. The high-interest-rate environment will persist for a longer period, thus continuing to suppress the valuation space of risk assets. The rapid plunge in US stock futures reflects investors' immediate panic over expectations of tightening liquidity.