CICC: The probability of the Federal Reserve cutting interest rates in September has increased significantly

According to a research report from CITIC Construction Investment, Federal Reserve Chairman Powell, at the Jackson Hole symposium, noted that the United States faces the dual challenges of inflationary pressure and a cooling labor market. He emphasized the downside risks to the economy posed by the cooling labor market. His dovish tone significantly increased the probability of a September rate cut, sending the US dollar index plunging. (Jinshi)