Group 1 - The recent speech by Powell at the global central bank annual meeting signaled a dovish stance, coinciding with the A-share market reaching a ten-year high and entering a bull market [1][3] - The upcoming Federal Reserve meeting in mid to late September is a critical point for global market direction, making it a significant topic of discussion [1] - Powell emphasized that while the job market is close to full employment, both supply and demand are slowing, indicating potential downside risks [3][4] Group 2 - The Federal Reserve has made a notable change in its framework by removing the "average inflation targeting" and no longer focusing on the "maximum employment gap," which suggests a shift towards prioritizing inflation stability at 2% [4] - This change implies that the pace of interest rate cuts may not be as rapid as the market anticipates, with projections for 2025 potentially reducing the number of rate cuts from four to two [4] - The current market trend is heavily influenced by the technology sector, which is expected to continue its momentum, as evidenced by the strong performance of indices like the Shanghai Composite and the ChiNext [6]
降息疑云下,全球市场走向何方?|投向预言家
Sou Hu Cai Jing·2025-09-04 03:26