On August 24th, Jin10 Data reported that Fangzheng Securities’ latest research view believes that Fed Chairman Powell’s speech at Jackson Hole was dovish, believing that the time for policy adjustment has come and the market is betting on further rate cuts. Powell believes that the Fed is closer to achieving its inflation target, with upward risks dissipating and greater confidence in achieving the inflation target. However, the labor market has cooled significantly, with increasing downward risks, and the Fed does not seek or welcome further cooling of the labor market. We expect that the August non-farm payrolls will accelerate the refutation of overly pessimistic economic expectations and overly optimistic rate cut expectations. The Fed is expected to cut rates by 25bps at the September FOMC meeting, with the dot plot indicating a cumulative rate cut of 50bps this year and 125-150bps next year.
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
