Odaily星球日报讯 安联首席经济学家埃里安撰文表示，本周鲍威尔将在杰克逊霍尔面临挑战，他需要需要利用这个黄金机会来重新建立其前瞻性政策指引的有效性，否则可能会进一步损害其政策效力和声誉。一些著名的华尔街分析师和金融观察家呼吁美联储立即实施紧急的会间降息，这种做法没有必要，甚至可能有害。（金十）

安联首席经济学家：美联储主席鲍威尔将在杰克逊霍尔面临挑战

Odaily Odaily News: Allianz Chief Economist El-Erian wrote that Powell will face challenges in Jackson Hole this week. He needs to use this golden opportunity to re-establish the effectiveness of his forward-looking policy guidance, otherwise it may further damage his policy effectiveness and reputation. Some well-known Wall Street analysts and financial observers called on the Federal Reserve to immediately implement an emergency inter-session rate cut, which is unnecessary and may even be harmful. (Jinshi)

Allianz chief economist: Fed Chairman Powell will face challenges in Jackson Hole

Odaily Planet Daily Report: In its report this week, Goldman Sachs detailed the agenda of the Jackson Hole Global Central Bank Annual Meeting, with the most anticipated event being the speech by Federal Reserve Chairman Powell. Powell will deliver a keynote speech at 10:00 AM Eastern Time on August 23 (10:00 PM Beijing time on Friday, August 22), which will be broadcast live but without a Q&A session afterwards. Goldman Sachs pointed out that the market may receive signals of "confidence in rate cuts" and "data dependence." It is expected that Powell's information and off-site interviews will be similar to what has been heard in the past few weeks, that is, the Federal Reserve is now close to cutting interest rates, but the extent of easing will depend on the upcoming data. Goldman Sachs economists expect the Federal Reserve to cut interest rates by 25 basis points three times in a row starting in September, and believe that the market has priced in a 50 basis point cut at the next meeting too early after the July employment data came in weaker than expected.

Goldman Sachs: Expects three consecutive interest rate cuts of 25 basis points starting in September

Odaily Planet Daily Report: Next week's market will see multiple important event nodes, including a series of speeches by Federal Reserve officials. Specifically: on Monday at 9:15 PM, Federal Reserve Governor Waller will deliver the opening remarks at a summer seminar on monetary, banking, payment, and financial issues; on Wednesday at 1:35 AM, 2024 FOMC voter and Atlanta Fed President Bostic will give a speech; on Thursday at 2:00 AM, the Federal Reserve will release the minutes of its monetary policy meeting; on Thursday, the Jackson Hole Global Central Bank Annual Meeting will be held; on Friday at 10:00 PM, Federal Reserve Chairman Powell will deliver a speech on the economic outlook at the Jackson Hole Annual Meeting. In addition, US August S&P Global PMI data will be released on Thursday evening next week, and if the data unexpectedly weakens, market concerns about the US falling into recession may intensify, leading traders to bet more on the Federal Reserve cutting rates by a larger margin this year, which would be a blow to the US Dai.

Federal Reserve officials will make intensive speeches and release the minutes of the monetary policy meeting next Thursday.

Author: 0x9999in1

At the beginning of this year, the approval of the Bitcoin spot ETF led to a large influx of funds into the cryptocurrency market, and Bitcoin broke through its previous high, with the prosperous bull market in sight. However, from the current market situation, the "fake bull phenomenon" has also left many people with wavering guesses and doubts about the cryptocurrency market. With the approval and listing of the ETH spot ETF, ETH has not shown the excellent market performance of the "big brother" Bitcoin, not only failing to break through its previous high, but even approaching a near-halving performance on August 5th. In addition, there was the MEME race in the first half of the year...