Before the annual meeting of the central bank, the Federal Reserve's voting committee hinted that inflation had been controlled and supported gradual interest rate cuts.
Mary Daly has the voting right for the September FOMC meeting, and she called for a "prudent" approach. "Gradualism is not weak, slow, or backward, it is just cautious. Although the labor market has slowed down, it is not weak."
The annual global central bank feast! This week, all attention will be focused on this 'USA town'.
For Wall Street, besides the regular eight Federal Reserve meetings every year, perhaps the most notable on the macro monetary policy level is the annual Jackson Hole Global Central Bank Conference hosted by the Kansas Fed; This year's conference will be held on August 22-24 Eastern Time.
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What to Expect in the Week Ahead (TGT and Palo Alto Earnings; FOMC Minutes and Powell's Jackson Hole Speech)
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Chairman Powell of the Federal Reserve and Governor Bailey of the Bank of England will give speeches one after another. The media will also interview officials of all sizes about policy prospects. Goldman Sachs believes that Powell will send signals of "rate cut confidence" and "data dependence".
Gold hits a new record high, Eu raises smallpox epidemic alert level | Global Market
① S&P, Nasdaq rose for 7 consecutive days, and the three major indexes of US stocks jointly recorded the largest weekly increase this year; ② The Fed's interest rate cut cycle is approaching, and spot gold has historically exceeded $2,500/ounce for the first time; ③ Officials in multiple countries expect that "Iran will postpone retaliation plans" and US Secretary of State flew to the Middle East on Saturday; ④ The EU has raised the monkeypox epidemic alert level, and multiple news have stimulated monkeypox concept stocks to continue rising.