Odaily星球日报讯 德意志银行经济学家在报告中称，历史数据显示，美债收益率可能会对美联储主席鲍威尔周五在杰克逊霍尔的讲话做出反应，但幅度仅为 5 个基点。尽管如此，市场“仍将寻找任何有关 FOMC 将如何处理未来降息时机、步伐和幅度的线索，任何实质性信号都可能对市场产生重大影响”。（金十）

德意志银行：鲍威尔讲话料不会对美债收益率产生重大影响

Odaily Odaily News: Deutsche Bank economists said in a report that historical data shows that U.S. Treasury yields may react to Fed Chairman Powell&#39;s speech at Jackson Hole on Friday, but the range is only 5 basis points. Nevertheless, the market &quot;will still look for any clues about how the FOMC will deal with the timing, pace and magnitude of future rate cuts, and any substantive signals may have a significant impact on the market.&quot; (Jinshi)

Deutsche Bank: Powell's speech is not expected to have a significant impact on US Treasury yields

Odaily Planet Daily Report: Ipek Ozkardeskaya, an analyst at Credit Suisse, stated that the US dollar fell as investors expect Federal Reserve Chairman Powell to clearly signal an impending rate cut at the Jackson Hole symposium on Friday, but the weakness seems to have gone too far. She said that the performance of the US economy is better than most other countries, and on this basis alone, the Federal Reserve has no reason to cut rates more aggressively than other central banks in the coming months. (Gold Ten)

Analysts: The dollar may have weakened too much

Some Federal Reserve observers expect Powell will not make specific predictions for September, but will instead remind everyone that the Federal Reserve is now focusing more on employment issues, as the job market is weakening. The Federal Reserve has a dual mandate to maintain price stability and full employment. With the rise in the unemployment rate, the latter has become increasingly important and has put greater pressure on the Federal Reserve to take action. In July, the U.S. unemployment rate rose to 4.3%, the highest level since October 2021. Wilmington Trust bond portfolio manager Luke Tilley expects Powell will discuss the natural rate of interest, also known as the "neutral rate," which helps the Federal Reserve understand the actual constraints on its monetary policy.

Fed watchers don't expect Powell to make specific September forecasts

Table of Contents
- Fed officials support gradual rate cuts
- Evercore ISI: Powell will be open to a 2-notch rate cut
- Progress in the Israel-Hamas negotiations

Federal Reserve Chairman Powell is scheduled to deliver a keynote speech on the economic outlook at the Jackson Hole Global Central Bank Annual Meeting at 10 a.m. Eastern Time on the 23rd (10 p.m. Taipei time on the 23rd), as it is a critical moment before the Federal Reserve (Fed) rate cut, the outside world is highly concerned about the monetary policy information he will release.

Fed officials support gradual rate cuts
On the eve of the annual meeting, in the Federal...

The U.S. economy will not have a hard landing” Fed officials support Powell’s gradual interest rate cuts, and the ceasefire with Kazakhstan is a sign of hope