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As the global economic situation continues to change, the U.S. financial markets are closely watching the Fed's next move. Economists predict that the Fed is very likely to implement its first interest rate cut of the year in September, with a probability as high as 75%. At this critical moment, the upcoming Jackson Hole meeting has become the focus of the market, as it will be the last major public speech by Fed Chair Powell before a possible rate cut.
Traditionally, the Fed tends to convey policy signals to the market through such meetings to avoid sudden interest rate adjustments that could trigger severe market fluctuations. Therefore, Powell's remarks at this meeting will be regarded as an important barometer for assessing the direction of future monetary policy.
Market participants are closely following Powell's speech, hoping to gain insights into the Fed's assessment of the current economic situation and clues about future policy tendencies. The outcome of this meeting will not only affect the domestic economy of the United States but may also have far-reaching implications for global financial markets.
At the same time, developments in the political sphere are also noteworthy. Trump's political prospects have become another hot topic, and his future trajectory could have a significant impact on the political landscape in the United States. However, regardless of how the political situation changes, the direction of economic policy will remain one of the key factors determining market trends.
As the Jackson Hole meeting approaches, investors and economists are actively interpreting every possible signal in hopes of gaining an advantage in future market fluctuations. This late-summer economic gala will undoubtedly set the tone for the financial markets for the remainder of the year.