According to the latest news, Federal Reserve Chairman Powell will deliver an important speech at the Jackson Hole Economic Policy Symposium on the evening of August 22. This speech has attracted the attention of global financial markets, with many Financial Institutions making predictions about the future monetary policy direction.

State Street Global Advisors believes that Powell may pave the way for a potential rate cut in September during this speech. UBS also holds a similar view, expecting Powell to hint at the possibility of a rate cut in September. Russell Investments is more cautious, stating that while there is a possibility of a rate cut, the magnitude may only be 25 basis points.

The Dutch International Bank pointed out that the recent concerns expressed by three Federal Reserve officials regarding the job market may indicate that the official stance is shifting towards a more moderate direction. This perspective provides a new angle for the market to consider.

However, not all institutions hold an optimistic view. Mitsubishi UFJ Financial Group stated that Powell may not specify the exact timing of interest rate cuts in this speech, but rather choose to continue evaluating economic data before the September meeting. Bank of America, on the other hand, is skeptical about whether there will be interest rate cuts this year, believing that Powell may be satisfied with the current low employment growth rate.

As the Jackson Hole meeting approaches, global investors are closely following Powell's speech in hopes of gaining more clues about the future monetary policy in the United States. Regardless of the outcome, this speech will undoubtedly have a significant impact on the global financial markets.