Powell expresses concerns about inflation, causing US stocks to weaken

Golden Ten Data reported on March 19 that after Federal Reserve Chairman Powell stated that rising oil prices could increase price pressures and harm U.S. economic growth, the stock market fell to its lowest point of the day. Some analysts believe that these concerns may limit the extent of future interest rate cuts. Powell said: "We have experienced tariff shocks, gone through the pandemic, and now we are facing a large-scale and prolonged energy crisis. You might worry that this situation could impact inflation expectations."