目前， On August 23, Eastern Time, Powell made the clearest signal of a rate cut in September, saying "the time has come" at the Jackson Hole Global Central Bank Annual Meeting. After Powell's speech, global stock markets reached historic highs, with the MSCI ACWI index (a global index of all countries) rising more than 9% since its low on August 5.
On the morning of August 23rd, Eastern Time, Powell stated at the Jackson Hole Global Central Bank Annual Meeting that "the time has come" and issued the clearest signal yet of an interest rate cut, suggesting that the Fed will cut rates in September.
After Powell's speech, the prospect of low interest rates and strong economic resilience in the United States boosted the stock market, with global stock markets reaching historic highs. Small cap stocks and chip stocks in the U.S. rose by about 3%. $iShares MSCI ACWI ETF (ACWI.US)$ (Global All Country Index) rose 1.4% yesterday, up more than 9% since the August 5th low; $Spdr Index Shares Funds Spdr Msci Acwi Ex-Us Etf (CWI.US)$ rose nearly 2%, U.S. bond yields fell, and the U.S. dollar followed suit.
Currently, $S&P 500 Index (.SPX.US)$ The Nasdaq 100 index, which is dominated by technology stocks, still needs to rise more than 4% to recover from the losses of the past few weeks, as it is currently less than 1% away from its historical high. Japanese, ****, and South Korean stocks have been hit hardest in recent sell-offs, but they are currently the best performing stocks globally.
Currently, the market expects a one-third chance of a 50 basis point rate cut by the Federal Reserve in September, and a two-third chance of a 25 basis point rate cut. Traders expect the Federal Reserve to cut rates by around 100 basis points by December.
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