On August 18, Patrick Munnelly, a strategist from a market analysis firm, stated in a report that the upcoming Jackson Hole Symposium, which will open on Friday, is expected to be a key moment for the market, during which Fed Chairman Powell will outline the Fed's short-term policy direction.
However, he pointed out that, as usual, the differing opinions of Trump and Besant may add to the noise. Munnelly stated that the noise could stem from ongoing discussions surrounding the Fed appointments, potential legal challenges, and changes in labor market reports.
He added, "Before this, the minutes of the July FOMC meeting released on Wednesday may provide valuable clues to bridge the divergence in interest rate outlook."