After Fed Chairman Powell's press conference speech on February 1st, economists followed suit, and the last group of people also gave up their predictions for a March rate cut and turned their attention to May. Goldman Sachs, Bank of America, and Barclays were among the last institutions on Wall Street to insist that the Federal Reserve cut interest rates as early as March. However, after the Federal Reserve's policy meeting on the same day of the week, they postponed their predictions on the timing of the rate cut. Powell unexpectedly stated that the Federal Reserve is unlikely to cut interest rates at its meeting on March 19-20. Affected by this, forecasters are shifting their focus to the second quarter. Before the May meeting of the Federal Reserve, there will be some key economic data released on the labor market and inflation, so even economists who believe in rate cuts only in June have become more cautious.