Market Analysis: Powell is unlikely to provide clear directional signals at the Jackson Hole meeting.

On August 22, Commonwealth Bank economist Capurso stated that Fed Chairman Powell's speech at the Jackson Hole annual symposium will be the next catalyst for the dollar's movement. However, don't expect Powell to give a clear signal in either direction. Capurso mentioned that he may keep his options open, waiting for more data. But if Powell indicates a willingness to cut rates, the market is expected to price in a September rate cut more fully, and the dollar will decline moderately. He said the probability of a rate cut in September is currently around 70%, setting a high bar for Powell to deviate from market expectations. (Jin10 )