Market Outlook for This Week: PCE Data Sparks Attention, Uncertainty Over Rate Cut Prospects

According to news from Hash World, this month, Wall Street traders have flocked to the stock and bond markets, hoping the Federal Reserve is ready to cut interest rates again. Traders expect Powell to give the 'green light' to sustain this round of gains. On Friday, their wishes were fulfilled as Powell took a hawkish stance in a key speech, leading to the largest cross-market bullish sentiment since April. The cryptocurrency market surged, with Ethereum prices hitting a nearly four-year high, and gold rising by 1%. Here are the key points the market will focus on in the new week: 1. On Tuesday at 03:15, Dallas Fed President Logan will speak and participate in a panel discussion at the 100th anniversary conference of the Central Bank of Mexico. 2. On Tuesday morning at 07:15, New York Fed President Williams will deliver a keynote speech at the 100th anniversary conference of the Central Bank of Mexico. 3. On Tuesday evening at 22:00, the U.S. Consumer Confidence Index for August and the Richmond Fed Manufacturing Index will be released. 4. On Thursday at 00:45, Richmond Fed President Barkin will speak. 5. On Thursday evening at 20:30, the revised annualized quarterly rate of the U.S. second quarter real GDP will be released. 6. On Friday morning at 06:00, Fed Governor Waller will speak on monetary policy. 7. On Friday evening at 20:30, the U.S. July core PCE price index year-on-year, personal spending month-on-month, and core PCE price index month-on-month will be released. Looking ahead, the U.S. dollar index faces ongoing downward pressure, with investors generally expecting a rate cut next month, but the uncertainty surrounding policy prospects is becoming a new focus.