Goldman Sachs: The Walsh speech may not pose a significant event risk

On 28 August, Goldman Sachs strategist Rich Privorotsky stated that the impact of oil price trends on markets could be more important than the Jackson Hall annual conference. According to Goldman Sachs, the market's current or excessive attention to Walsh's speech underestimated the impact of oil prices on inflation and financial markets. If oil prices fall, it is possible to lower inflation expectations in turn, ease consumer pressure and contribute to a decline in long-term United States debt yields, thus reducing stock valuation pressures and improving risk assets. Privorotsky believes that unless Walsh's speech clearly deviates from his previous policy stance, this Jackson Hall annual meeting may not pose a major event risk。