After Powell Eagle, the US dollar jumped, and the three major indexes of the US stocks dived by more than 3%!

Reporter Liu Qi, a reporter from this newspaper, According to CCTV News, on the evening of August 26, local time, Fed Chairman Powell delivered a speech at the annual meeting of the Global Central Bank of Jackson Hole. "Powerful" anti -inflation, he admits that strong interest rate hikes will bring pain to American families and companies, but if inflation is out of control, it will be greater. Earlier on the same day, the core PCE price index of the Fed's most concerned (removing food and energy prices) was released. The minimum increase since. However, Powell's attitude has basically shattered the market's expectations that the Fed will turn to interest rate cuts. Many Federal Reserve officials have also spoke to support interest rates to "restricted levels." Chen Li, chief economist of Chuancai Securities and Director of the Institute, said in an interview with the Securities Daily that from the perspective of the index data related to inflation in the United States in July, even after multiple rounds of interest rate hikes, inflation remains on Very high level, which makes it difficult to stop the Fed's interest rate hike, and it is expected to raise interest rates to more than 3%. Powell's eagle voice was the first public speech since the Federal Reserve interest conference at the end of July. In July, the Federal Reserve raised interest rates again 75 basis points, raising the interest rate of federal funds to 2.25%to 2.5%, and it is already at the level of "neutral interest rates" widely recognized by the market. Powell once again revealed the signal of continuing to raise interest rates again. In his speech, he said, "I said when I carried out the second 75 basis interest rate hikes in July, and it was not inappropriate to raise interest rates at the next meeting ... historical experience warned us not to relax prematurely Policies. "Image source: Many Federal Reserve officials also made similar remarks. Atlanta Fed Chairman Bostek said that he hopes to raise interest rates from 100 to 125 basis points, and the faster the better, the better the policy interest rate is slightly higher than the limited level; It is 3%, but how much it will be observed. According to the latest possibility of interest rate hikes based on US federal fund interest rate futures calculation, the probability of 75 basis points in September was 61.5%, and the probability of 50 basis points was 38.5%. The probability of interest rate hikes a week ago was equal. The market had previously believed that the probability of reducing interest rate hikes to 50 basis points in September was higher, which was 53%. CITIC Securities Chief Economist clearly told the Securities Daily that although the growth rate of inflation data in the United States has recently declined slightly, it is mainly due to the decline in energy prices. The core inflation level in the United States, including housing prices, service prices, is still very high, and the employment market is still tight, and it is also the main cause of supporting the Fed's continued tightening. After this meeting, the dollar and US stocks fluctuated significantly. Under the influence of the Fed's continued radical interest rate hike expectations, the US dollar index stopped the previous short -term decline and continued to rise. As of 16:59 on August 26, Eastern Time, the US dollar index was reported at 108.8564, which was approaching 109 highs again. U.S. stocks dived collectively. The Dow Jones Industrial Index fell more than 1,000 points, closed at 32283.40 points, a decrease of 3.03%; the Nasdaq index fell nearly 500 points to close 12141.71 points, a decrease of 3.94%; the S & P 500 index closed at 4057.66 points. , Fall 3.37%. Picture source: Wind "For U.S. stocks, many well -known overseas institutions have been prompting high risks and bubbles since last year. The short -term suppression of U.S. stocks has continued to suppress, and the U.S. dollar index has been promoted further. "Chen Li said. Obviously, we also have a similar point of view, thinking that the Fed's continuous interest rate hike expectation is definitely a negative US stock. With the upsurge of interest rates, the Fed's tightening caused demand and the slowdown in business activities will gradually affect the income and profits of the enterprise. The performance of corporate performance or further pressure, the probability of the US economy's future decline has also increased, which has also led to a large decline in US stocks. According to the current interest rate hike path, the downward pressure of U.S. stocks will continue to be large in the future.

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