The global market has seriously misjudged the Federal Reserve Chairman! Powell's speech at the global central bank governors' meeting last Friday drove the global market crazy, with almost all markets surging, believing that a rate cut in September is a foregone conclusion.
However, I had DEEPSEEK interpret it, and they believe Powell's remarks are neutral to slightly hawkish, which is also my personal understanding—perhaps my understanding of English is limited.
Ultimately, we still need to look at the U.S. non-farm payroll data released next Friday. If the non-farm payroll growth reported in September is below 100,000, it will help determine a rate cut in September. If it exceeds this number, the rate cut will still be full of suspense.
