CITIC Construction Investment: The Probability of the Federal Reserve Cutting Interest Rates in September Increases Significantly

According to news from Hashi Chain, a research report from CITIC Construction Investment shows that Federal Reserve Chairman Powell mentioned at the Jackson Hole central banking conference that the United States is facing challenges from inflationary pressures and a cooling labor market. He particularly emphasized that the cooling of the labor market indicates risks of economic downturn. Such dovish remarks have significantly increased the probability of an interest rate cut in September, causing the US dollar index to plunge.