Powell's speech has suddenly changed the overall landscape of the market.

Looking at this speech, there is one core signal: the strategy has shifted.

No longer talking endlessly about inflation, but repeatedly emphasizing GDP slowdown and employment risks.

This indicates that the Federal Reserve's balance has decisively shifted from an all-out effort to combat inflation to a consideration of preventing recession.

This itself may be the most fundamental dovish signal, with everything else being a facade.#杰克逊霍尔会议