In the next 48 hours, a crucial financial event will attract global attention. The Jackson Hole Global Central Bank Annual Meeting is about to kick off, and this three-day conference will gather over 70 central bank representatives from around the world.

Among them, the most eye-catching is undoubtedly the speech by Federal Reserve Chairman Powell scheduled for the evening of the 22nd. His speech will focus on the impact of the labor market on the macroeconomy and monetary policy, which is undoubtedly one of the most concerning topics in the current financial market.

However, the current market sentiment seems to have fallen into a strange state of fragmentation. On one hand, the Federal Reserve's attitude remains cautious, as they prefer to wait for more economic data to guide their decisions. On the other hand, the market widely expects a rate cut in September, which seems a bit overly optimistic.

The latest Federal Reserve meeting minutes show that only 2 out of 16 members believe it is necessary to cut interest rates, while the majority prefer to maintain rates at 4.25-4.5%. This news quickly affected market expectations, with the probability of a rate cut in September plummeting from over 90% to 68%.

In the face of such a complex situation, investors should perhaps remain calm and rational. Overly focusing on short-term fluctuations may bring unnecessary anxiety. Instead, maintaining a peaceful mindset and objectively analyzing information from all sides may be the best strategy to cope with the current market uncertainty.

Regardless, the outcome of the Jackson Hole meeting will have a significant impact on global financial markets. We will continue to follow the developments and provide readers with the latest and most accurate analysis.