Xin Lang Cai Jing·2025-08-22 18:45Group 1 - The Dow Jones Industrial Average surged by 950 points, reaching a new intraday high, following comments from Federal Reserve Chairman Jerome Powell suggesting potential interest rate cuts if conditions allow [1][3] - The S&P 500 index rose by 100.10 points, or 1.57%, closing at 6470.27 points, while the Nasdaq increased by 421.80 points, or 2.00%, to finish at 21522.11 points [3] - Powell indicated that the balance of risks may necessitate adjustments to the policy stance, despite low unemployment rates, highlighting significant changes in tax, trade, and immigration policies [3][4] Group 2 - Powell's remarks at the Jackson Hole annual meeting emphasized a cautious approach to policy changes, noting that the labor market is experiencing an unusual balance due to significant slowdowns in both labor supply and demand [4][5] - The CME FedWatch tool indicates a 91% probability of a 25 basis point rate cut at the September meeting, reflecting market expectations following Powell's speech [3] - Concerns about inflation persist, particularly regarding the impact of tariffs on consumer prices, which Powell acknowledged as a risk that needs to be managed [5]