According to ChainCatcher, citing Jinshi's report, Patrick Munnelly, market strategist at Tickmill Group, stated that the Jackson Hole symposium, which will open on Friday, will be a critical moment for the market, where Federal Reserve Chairman Powell will elaborate on the Fed's short-term policy direction. However, the differing opinions of Trump and Bessen may add complexity, with potential noise arising from ongoing discussions surrounding Fed appointments, potential legal challenges, and changes in the labor market report. Munnelly added that the July FOMC meeting minutes, to be released on Wednesday, may provide valuable clues for bridging differences in interest rate prospects.
Powell's Jackson Hole annual meeting may face noise from Trump and Bessant
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