Core Viewpoint - The statement from Powell at the Jackson Hole central bank meeting was more dovish than expected, leading to a decline in U.S. asset prices and a weaker dollar [1] Group 1: Federal Reserve Outlook - The Federal Reserve is likely to initiate interest rate cuts in September, but the pace will be cautious due to a preventive stance and inflation concerns, with a maximum of two cuts expected within the year [1] Group 2: European Central Bank Perspective - The European Central Bank is shifting its focus away from inflation, with no changes anticipated in September [1]