Zhao Yaoting, a global market strategist at Invesco Asia Pacific, said that although the Jackson Hole Global Central Bank Annual Meeting raised market expectations for interest rate hikes, he believes that the September rate hike has not yet become a foregone conclusion. Walsh wants to reduce reliance on forward-looking guidance, and did not clearly release a sign of a September rate hike. Future inflation and labor market data will be critical.

Zhao Yaoting, a global market strategist at Invesco Asia Pacific, said that although the Jackson Hole Global Central Bank Annual Meeting raised market expectations for interest rate hikes, he believes that the September rate hike has not yet become a foregone conclusion. Walsh wants to reduce reliance on forward-looking guidance, and did not clearly release a sign of a September rate hike. Future inflation and labor market data will be critical.