📉【After Powell's Speech, Market Bets on 90% Probability of Rate Cut in September】

Federal Reserve Chairman Powell stated at the Jackson Hole meeting that the price impact from tariffs is a "temporary and controllable" situation, and the Federal Reserve will remain cautious to avoid a one-time shock evolving into persistent inflation. He also pointed out that there are already downside risks in the labor market.

As a result, traders rapidly adjusted the probability of a Federal Reserve rate cut in September from 75% to about 90%, further strengthening market expectations for an easing cycle.

——This means that risk assets may receive stronger support, while the dollar and U.S. Treasury yields may come under pressure. #杰克逊霍尔会议