U.S. Federal Reserve (FED) Chairman Powell's speech showed that the Fed continues to be cautious about inflation trends and will set interest rate policy based on economic data and inflation.。However, the market is still watching the possible impact of inflation warming and a recession, holding a wait-and-see attitude towards future economic developments.。

• Inflation moves in line with expectations: Fed Powell says the latest inflation data is quite in line with central bank expectations and inflation will continue to fall back towards the 2% target。
• Analysis of inflation data: the core personal consumption expenditure price index (Core PCE), excluding food and energy, rose at an annual rate of 2 in February..8%, the monthly growth rate is 0.3%, in line with economists' forecasts。Although inflation is not cooling as fast as in the second half of last year, it is still in line with the Fed's expectations。
• Fed cautious on rate cuts: Fed has ability to deal with inflationary pressures and won't overreact or cut rates too quickly。Powell noted that the Fed remains a special exception in the face of weaker global growth, so the central bank is able to remain cautious。
• Factors of concern and possible impact: market concerns that another increase in inflation could lead to further delays in interest rate cuts by the Federal Reserve, higher gasoline prices and transportation disruptions, among other factors, could put commodity prices at increased risk。
• Recession concerns: Some economists worry that if the economy and the job market weaken more severely than expected, the Fed, while having plenty of room to cut interest rates, may not be fast enough to prevent a recession。