📉 This Friday evening (Beijing time), Federal Reserve Chairman Jerome Powell will speak at the Jackson Hole central bank annual meeting, and the market's expectations will face a critical test. The previously released PPI data showed a year-on-year increase of 47, the largest in three years, indicating persistent inflationary pressures, and some traders have lowered their expectations for interest rate cuts.
🔥 The current market still expects an 85% probability of a 25 basis point rate cut in September39, but BMO Capital Markets warns that the biggest risk for U.S. Treasuries is that Powell may "douse cold water" on rate cut expectations710. If he emphasizes inflation stickiness (especially in service sector inflation) or delays the rate cut, it could trigger a sharp market adjustment52.
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
#加密市场回调#
📉 This Friday evening (Beijing time), Federal Reserve Chairman Jerome Powell will speak at the Jackson Hole central bank annual meeting, and the market's expectations will face a critical test. The previously released PPI data showed a year-on-year increase of 47, the largest in three years, indicating persistent inflationary pressures, and some traders have lowered their expectations for interest rate cuts.
🔥 The current market still expects an 85% probability of a 25 basis point rate cut in September39, but BMO Capital Markets warns that the biggest risk for U.S. Treasuries is that Powell may "douse cold water" on rate cut expectations710. If he emphasizes inflation stickiness (especially in service sector inflation) or delays the rate cut, it could trigger a sharp market adjustment52.