According to Jinshi Data, John Plassard, senior investment expert at asset management company Mirabaud, said that current economic data is not enough to support the Federal Reserve's interest rate cut in September, but there may be more information at the Jackson Hole Symposium in August.

Plassard expects more clear economic data to be available by the end of August. Mirabaud hopes Fed Chairman Jerome Powell will answer the question of whether there will be a rate cut in September at the Jackson Hole symposium from August 22 to 24.

Refinitiv data showed that the market has fully digested the expectation of the Federal Reserve to cut interest rates in September.