According to PANews, Goldman Sachs has detailed the agenda for the upcoming Jackson Hole Global Central Bank Annual Meeting in its report this week. The most anticipated event is the speech by Federal Reserve Chairman Jerome Powell, scheduled for 10:00 AM Eastern Time on August 23 (10:00 PM Beijing Time on Friday). The speech will be live-streamed but will not include a Q&A session afterward.

Goldman Sachs noted that the market might interpret signals related to 'rate cut confidence' and 'data dependency.' Powell's message and subsequent interviews are expected to be similar to what has been heard in recent weeks, indicating that the Federal Reserve is nearing a rate cut. However, the extent of easing will depend on upcoming data. Goldman Sachs economists predict that the Federal Reserve will implement three consecutive 25 basis point rate cuts starting in September. They also believe that the market's pricing of a 50 basis point rate cut at the next meeting, following weaker-than-expected July employment data, is premature.