The investment bank's economic team said that Federal Reserve Chairman Kevin Walsh's speech at the Jackson Hole meeting is unlikely to give a clear signal about the direction of interest rates. The market expects that Walsh will focus on making a statement that he is committed to reducing inflation, but will not give clear guidance on the next policy action. The market will still carefully interpret his every sentence to find clues about the direction of interest rates. The speech coincided with the release of key PCE inflation and GDP data, and investors paid close attention to this.

The investment bank's economic team said that Federal Reserve Chairman Kevin Walsh's speech at the Jackson Hole meeting is unlikely to give a clear signal about the direction of interest rates. The market expects that Walsh will focus on making a statement that he is committed to reducing inflation, but will not give clear guidance on the next policy action. The market will still carefully interpret his every sentence to find clues about the direction of interest rates. The speech coincided with the release of key PCE inflation and GDP data, and investors paid close attention to this.