Federal Reserve Chairman Powell will deliver a speech on the economic outlook on the evening of August 23 and set the tone for a September rate cut.

On August 16th, Federal Reserve Chairman Powell is scheduled to speak on the economic outlook at 10:00 pm Beijing time on August 23rd. This is the first full-day meeting of the annual economic seminar held by the Kansas City Federal Reserve in Jackson Hole, Wyoming. This global central bank annual meeting provides Powell with an opportunity to make the latest assessment of the trajectory of the US economy and monetary policy prospects between the Federal Reserve's July and September decision-making meetings. Last month, he said that if inflation and the labor market continue to cool, the Federal Reserve may consider cutting interest rates at the next meeting.