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The Federal Reserve is "in position"! The global easing curtain is expected to open a new chapter next month.
Last Friday, officials from the three major central banks of the United States, the United Kingdom, and Europe coincidentally stated that they will enter an interest rate cut cycle in the coming months or continue the previous rate cut pace. This indicates that as the global economy gradually emerges from the post-pandemic period of high inflation, the era of high global borrowing costs is about to end, and the loose monetary policies of major central banks are also expected to usher in a new chapter next month.
On the eve of the Jackson Hole meeting, Federal Reserve officials are sounding dovish, expressing strong support for an early rate cut.
Officials still emphasize the health of the US labor market and economy, but advocate for gradually starting to reduce interest rates as soon as possible.
Asia-Pacific Stocks Mostly Fall Tracking Losses in Global Market; Japan's Trade Swings to Deficit
The key clues to the Fed's end of balance sheet reduction need to be found in tonight's Fed minutes?
As the discussion on when the Federal Reserve will end its current quantitative tightening (QT) policy continues to heat up on Wall Street, market strategists are hoping to gain more guidance from the Fed minutes to be released tonight; While most market observers currently predict that the Fed will completely end its balance sheet reduction at some point towards the end of this year, the specific timing has yet to be determined.
"Jackson Hole" is a blessing for the stock market? Illustration: over the years, the U.S. stock market has risen more than fallen before and after this event.
One of the main focuses of the global financial market this week is the upcoming Jackson Hole Global Central Bank Annual Meeting, which will kick off on Thursday. According to DataTrek Research, the good news is that historically, the US stock market has risen more than fallen before and after this annual economic policy seminar hosted by the Federal Reserve.
What will Powell, Jackson, and Hull say at the annual meeting? Traders focus on interest rate cuts, and this Friday may cause a huge earthquake in the US stock market.
Wall Street insiders believe that Powell may not give a clear signal on interest rate cuts, and the key to maintaining market sentiment is not Powell's words, but his tone. The options market pricing expects that the rise or fall of the S&P on Friday will exceed 1%.
