The minutes of the Federal Open Market Committee meeting and Powell's speech at the Jackson Hole Symposium sent positive signals for the Fed's interest rate cut, which is the main reason for the sudden rise in the price of bread.

This week, several Fed officials made dovish remarks, confirming that the Fed will start to cut interest rates, causing investors to buy cautiously, and it may start in September.

Although Powell did not specify the timing and magnitude of the rate cut, he confirmed that it is time to adjust monetary policy against the backdrop of slowing inflation and a weak US labor market, and the timing and speed of the rate cut will depend on data, prospects and risk balance