#杰克逊霍尔年会
Summary of Powell's speech at Jackson Hole:
First, we talked about the issue of inflation, pointing out that inflation has brought harm in the past, while emphasizing that inflation control is currently effective.
The unemployment rate has increased, but it is still a historical low of 4.3%. We talked about the decline in the job market, but we don't want to see more recessions. The US economy currently maintains a certain degree of resilience.
Here I would like to emphasize: Powell expressed his concerns about employment! This is also the core focus of tonight!
We continued to talk about the decision to consider changes in monetary policy in order to avoid continued recession in the labor market, laying the foundation for a rate cut in September.
This place has clearly indicated a tendency to cut interest rates~~~
Then we reviewed the content of monetary policy adjustments during the epidemic, which is to learn from it. Originally, everyone thought that the inflation caused by the epidemic was short-lived, but in reality, the continuation of inflation exceeded everyone's cognition, including the Federal Reserve at the time.
At the same time, it is emphasized that inflation has been effectively reduced and the unemployment rate has remained at a relatively low level. This is basically still laying the groundwork and continuing to wait. All the current content can only be said to be in line with the market's original expectation of a rate cut in September.
Old Bao talked about the current process of suppressing inflation, and no real economic slowdown has been found.
Emphasizing the resilience of the economy, this is to pave the way for a soft landing of the economy
In the final speech, it was stated that research will continue based on the economic status and inflation issues during the epidemic, and more discussions are welcome. This speech is basically in line with market expectations, adjusting interest rates - rate cuts!
Brothers~ The interest rate adjustment has been determined! ——The process of rate cuts in September
Don't be too early to make a fuss
It is impossible to sell only once on the news
And the technical side still needs a correction
Everyone thinks it is good!
How does the market choose? How does the banker choose? How does the retail investor choose?
A relatively reasonable solution:
Enter the market first, then cover the position!
Be prepared for a long-term trend!
Prevent the banker from washing the plate and getting off the car
In a word: control the position and prepare for a big bull!
The above is all the content for tonight. Friends are welcome to discuss and exchange ideas in the comment section!
