Group 1 - The core focus of the market is shifting towards the upcoming Jackson Hole global central bank meeting, where investors are seeking clear guidance on future interest rate paths [1][9] - Intel shares rose approximately 6% following a $2 billion investment agreement with SoftBank, which will purchase Intel common stock at $23 per share [2][4] - European stock indices opened higher, with Germany's DAX30 up 0.24%, UK's FTSE 100 up 0.07%, France's CAC40 up 0.13%, and the Euro Stoxx 50 up 0.25% [2][4] Group 2 - The U.S. dollar index maintained a slight decline of less than 0.2%, while the 10-year U.S. Treasury yield remained stable at 4.34% [4][9] - The market anticipates an 80% probability of a 25 basis point rate cut by the Federal Reserve next month, with expectations for two additional cuts by the end of the year [9] - Nvidia is reportedly preparing to launch a more powerful new chip for the Chinese market, although its stock price showed little change in pre-market trading [9]

Core Viewpoint - The Federal Reserve, led by Powell, is set to discuss new language surrounding its policy framework, indicating potential shifts in monetary policy approach [1] Group 1 - The discussion will focus on how to communicate the Fed's policy framework more effectively, which may influence market expectations and economic outlook [1] - Powell's remarks suggest that the Fed is considering adjustments to its current policy stance, reflecting ongoing economic conditions [1] - The potential changes in wording could signal a more flexible approach to interest rate adjustments in response to economic data [1]

Core Viewpoint - The Federal Reserve Chairman Jerome Powell indicated that the Federal Reserve will discuss new wording around its policy framework [1] Group 1 - The discussion will focus on potential changes to the language used in the Federal Reserve's policy framework [1]

鲍威尔：美联储政策框架不应当取决于由谁担任美联储主席。 ...

Core Viewpoint - The Dallas Federal Reserve President Logan emphasizes the importance of monitoring employment levels that exceed the maximum sustainable capacity, suggesting a need for careful assessment of labor market conditions [1] Summary by Relevant Categories Monetary Policy - The Federal Reserve should focus on achieving inflation targets rather than being overly concerned with past performance that did not meet those targets [1] - The policy framework of the Federal Reserve should operate under a variety of hypothetical scenarios to ensure adaptability and effectiveness [1]