Odaily Planet Daily News The Federal Reserve Chairman Jerome Powell will deliver a key speech at this annual gathering in Wyoming this Friday evening Beijing time. Meanwhile, the latest inflation data, which exceeded expectations, has prompted some traders to lower their interest rate cut expectations while still maintaining their judgment for a rate cut next month.

BMO Capital Markets U.S. Rate Strategy Head Ian Lyngen stated in a research report, "As the market prepares for Powell's speech in Jackson Hole, the biggest risk facing U.S. Treasuries is: the Federal Reserve Chairman may douse cold water on the market's general expectation of a rate cut in September."

Currently, approximately 325,000 options positions (costing around $10 million) could yield profits of up to $100 million if they bet on a 50 basis point rate cut at the Federal Reserve's September policy meeting. In addition, current market pricing indicates that the probability of a 25 basis point rate cut at the meeting on September 16-17 is about 80%. (Jin Shi)