Continue to pay attention to the Jackson Hole Annual Meeting on Friday. The most important thing to pay attention to is the keynote speech by Federal Reserve Chairman Powell at 10 pm on August 23.
The timing of this annual meeting is quite special. On the one hand, the global market has just experienced a big rebound after a sharp drop. On the other hand, the Federal Reserve is at a policy crossroads where it is about to start cutting interest rates.
Given Powell's personality, this speech should still be Tai Chi, and he will definitely not give a clear statement on the timing and magnitude of the interest rate cut. According to the data, it is likely to be dovish.
It may be similar to the past few weeks, releasing the signal of "confidence in interest rate cuts" + "data dependence", that is, the Federal Reserve is now close to cutting interest rates, but the degree of easing will depend on the upcoming data.
In addition, he may reveal more insights on the monetary policy route before the end of the year, which is crucial to the future direction of the market.
Some netizens said that the key to maintaining market sentiment is not Powell's remarks, but his tone. According to the previous rules-
If the speech starts with hello everyone, it will soar;
If the speech starts with good morning, it will plummet;
If it is dark, you can buy without thinking.
You can wait and see!
