Next week's Federal Reserve minutes and Powell's speech attract attention
Next week, the Federal Reserve will release the minutes of its monetary policy meeting, and Chairman Powell will give a speech at the Jackson Hole Global Central Bank Annual Meeting, with the market focusing on changes in expectations of interest rate cuts. This week's US economic data shows retail sales growth, but consumer confidence has declined and inflation expectations have risen. There are differences within the Federal Reserve regarding the September interest rate cut, and the service inflation remains stubborn. In addition, several Federal Reserve officials will give speeches, and economic data including initial jobless claims and PMI preliminary values are also worth paying attention to.
