Powell speaks at Jackson Hole, the suspense of September rate cut will be revealed next Friday
The global financial market is paying attention. Fed Chairman Powell will deliver an important speech at the Jackson Hole Economic Symposium hosted by the Kansas City Federal Reserve at 10 pm Beijing time next Friday. As the highlight of the annual economic event, this appearance is at the critical interval between the Fed's July and September interest rate meetings, which undoubtedly dropped a bombshell on the market.
Powell's speech has always been a weather vane for insight into the direction of the Fed's policy. Last month, he released positive signals, suggesting that if inflation continues to fall and the labor market remains stable, a rate cut may be possible at the September interest rate meeting. This trip to Jackson Hole is undoubtedly another authoritative tone for his view on the current state of the US economy and the future monetary + communication Junyang: 954737157 policy path.
Global investors hold their breath and wait for every word of Powell, because this may directly determine whether September will usher in the Fed's interest rate cut, which will have a profound impact on the global financial market. Next Friday, all the suspense will be revealed!
