全球静默，等待美联储表演

Group 1 - The financial market is currently in a "silent" state, with reduced volatility in assets like the dollar and gold, as investors await a "confirmation signal" from Powell's speech, indicating that volatility could be imminent [2] - Investors are not looking for direct answers regarding interest rate changes but rather for an overall attitude from Powell during the Jackson Hole speech [3] - The atmosphere during Powell's speech is deemed more important than the specific wording, as the market reacts strongly to the overall sentiment conveyed through his demeanor and the audience's reactions [4] Group 2 - The term "risk balance" is highlighted as a key phrase; if Powell emphasizes this, it may be interpreted as a positive signal, suggesting a shift in focus from inflation control to economic and employment considerations, potentially signaling a precursor to interest rate cuts [4] - Powell is expected to maintain ambiguity in his statements, avoiding a clear roadmap to prevent the market from making aggressive bets on significant easing measures, which could put him in a difficult position [5] - The current situation indicates that Powell is in a challenging position, needing to balance concerns about inflation with the risk of market downturns and economic slowdowns, making the upcoming speech more of a performance than a straightforward Q&A [6]