CICC: Expectations that Walsh will reiterate inflation risks and retain the option to raise interest rates
2026-08-25 08:22:31
According to CoinMeta, a research report from CICC states that the focus of this week's market is on the Jackson Hole Symposium and Janet Yellen's speech. Yellen's previous statements failed to alleviate inflation concerns, and coupled with the ineffectiveness of the Treasury Department's interventions, policy credibility has been damaged, leading to a continuous rise in U.S. Treasury yields. It is expected that Yellen will reiterate the risks of inflation and retain the option of raising interest rates to rebuild credibility this time, but she will also continue to adhere to her long-term positions on reducing central bank intervention and lowering the frequency of communications. If Yellen can demonstrate sufficient policy flexibility, market concerns about U.S. Treasuries are expected to be partially alleviated, which would support the dollar. Conversely, if trust continues to erode, long-term U.S. Treasury yields will continue to rise, putting pressure on the dollar.
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Source:Internet
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