Real estate newspapers published articles calling for developers to cut prices and promote themselves to save themselves, and will gradually enter the era of deflation, which will further affect the global economy. In addition, the risk of German inflation exceeding 2% and continuing to rise is emerging. It is difficult to continue to control interest rates, so it is necessary to further increase interest rates. In this case, the European economy may enter a more austere state. Most notable this week was Powell's speech, and people wondered if Powell would make some hawkish comments again.