ChainThink report, March 11: Paul Donovan, Chief Economist at UBS Group, pointed out that the U.S. February Consumer Price Index data, although released prior to recent market turbulence, remains crucial for Federal Reserve policy decisions.

He expects the underlying inflationary pressures reflected in today's data to be moderate and believes the Federal Reserve should only respond to broad-based price increases. Donovan emphasized that the Fed lacks policy tools to address isolated market disruptions. He also noted that the nearly 27% increase in gasoline prices from January's low will not be captured in today's data, but consumers will notice the sharp rise in prices for certain grocery items. (Jinshi)