Recently, the Federal Reserve (Fed) released the minutes of its July meeting, sparking widespread discussion in the market about the future direction of monetary policy. According to reliable sources, Paul Ashworth, an analyst at Capital Economics, provided an in-depth interpretation of this.

Ashworth pointed out that, apart from two dissenting board members, Fed officials generally agree to maintain the current interest rate level. This consensus sets a slightly hawkish tone for the September policy meeting. However, it is worth noting that the formation of this meeting minutes predates the release of July's weak employment data, thus limiting its reference value for future policy direction.

In this context, market participants are turning their attention to the upcoming central bank annual meeting to be held in Jackson Hole. Fed Chairman Powell's speech is highly anticipated and is expected to provide clearer guidance on the key issue of whether to cut interest rates in September.

Currently, the global economic situation is complex and changeable, with persistent inflationary pressures in the United States and mixed performance in the job market. In this context, the Fed's policy choices will have a significant impact on global financial markets. Investors and economists are closely monitoring every detail that could influence decision-making, hoping to seize investment opportunities in a turbulent market.

As the Jackson Hole meeting approaches, market speculation and anticipation have reached their peak. Regardless of the final outcome, this will undoubtedly be one of the important turning points influencing the direction of the global economy in the second half of the year.