Jin10 data reported on August 18, Tickmill Group market strategist Patrick Munnelly stated in a report that the upcoming Jackson Hole symposium, which will open on Friday, is expected to be a critical moment for the market, during which Fed Chairman Powell will outline the Fed’s short-term policy direction. However, he noted that, as usual, the differing opinions of Trump and Bessenet may add noise. Munnelly mentioned that the noise may arise from ongoing discussions surrounding the Fed appointments, potential legal challenges, and changes in labor market reports. He added, “Before that, the minutes from the July FOMC meeting to be released on Wednesday may provide valuable clues to bridge the interest rate outlook divergence.”
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