At the Jackson Hole Global Central Bank Annual Meeting, Federal Reserve Chairman Jerome Powell delivered a highly anticipated speech that triggered significant reactions in the financial markets. Powell stated that the price effects from tariffs are temporary and manageable, but the Federal Reserve will remain vigilant to prevent this one-time shock from evolving into persistent inflation.

At the same time, Powell also mentioned the downside risks facing the labor market, a statement that has sparked market speculation about the Federal Reserve's impending shift to an accommodative monetary policy.

As a result, financial markets' expectations for a possible interest rate cut by the Federal Reserve in September have surged sharply. Traders are betting that the probability of a rate cut in September has quickly risen from the original 75% to about 90%, reflecting the market's strong anticipation of the Federal Reserve soon embarking on a new round of easing cycle.

This expected change may have far-reaching implications for the financial markets. Risk assets may receive stronger support as a result, while the dollar exchange rate and U.S. Treasury yields may face downward pressure.

Investors and analysts are closely monitoring the Federal Reserve's subsequent moves, as well as the potential ripple effects these policy changes may have on the global economy and financial markets. In the current complex and volatile economic environment, the policy decisions of various Central Banks will continue to be a focal point for the markets.