Powell's speech highlights at a glance

< br > < span class = "section-news" > 1. Interest Rate Outlook: Reiterates that it is possible to keep interest rates high for a longer period of time, does not believe that the next move may be to raise interest rates, and is more likely to maintain the policy rate at its current level. < br > < span class = "section-news" > 2. Inflation Outlook: Confidence of a pullback in inflation is lower than before. The lack of further progress on inflation in US Quarter 1 is noteworthy; inflation is expected to fall month-on-month. < br > < span class = "section-news" > 3. Economic Outlook: The U.S. economy is performing very well and has a very strong labor market; GDP is still expected to grow at a rate of 2% or higher, which benefits from the addition of new labor. < br > < span class = "section-news" > 4. Market Reaction: Since Powell's speech began, gold has basically remained sideways, rising as high as $2356.72; the three major U.S. stock indexes have generally moved in the shape of "V". < br > < span class = "section-news" > 5. Latest Expectations: The market currently expects the Federal Reserve to cut interest rates by a total of 40BP this year; the probability of interest rate cuts in June and September is stable at around 50%, which is basically the same as before Powell's speech.