新加坡华侨投资基金管理有限公司：美国的通胀反弹，美联储陷入两难抉择！

Group 1 - Recent statements from Federal Reserve officials indicate that inflation trends have once again become a focal point for monetary policy [1][3] - Kansas City Fed President Jeff Schmieding noted that current inflation risks slightly exceed labor market risks, suggesting that monetary policy is in a relatively ideal position [1][3] - The upcoming Jackson Hole Global Central Bank Conference is expected to draw attention, with the theme focusing on the transforming labor market and macroeconomic policy [3][8] Group 2 - Fed Chair Jerome Powell is scheduled to speak at the conference, with investors looking for signals regarding the September interest rate meeting [6][8] - Discussions on the timing of potential rate cuts depend on whether policymakers believe current policies are "overly restrictive," with Schmieding suggesting that existing policies are "moderately tight" [6][8] - Recent economic data, including a surprising rise in the Producer Price Index (PPI) for July, has added complexity to policy-making [6][8]