Powell's "Dovish" Tone Resonates Strongly, Traders Increase Rate Cut Bets

After Federal Reserve Chairman Powell indicated that monetary policy may need adjustment due to changes in risk balance, traders have increased their bets on a rate cut next month by the Federal Reserve. Traders now believe the likelihood of a rate cut in September is nearly 90%, up from about 75% before Powell's remarks. #杰克逊霍尔会议