Analyst: Walsh's speech mainly affected the long-term debt return rate

ON FRIDAY, 28 AUGUST, AT THE EARLY DRIVE, THE UNITED STATES STOCK FORWARDS WERE UNDIRECTED. INVESTORS ARE WAITING FOR A VERY INTERESTING SPEECH FROM FEDERAL RESERVE CHAIRMAN WALSH, WHILE INVESTORS IN SCIENCE AND TECHNOLOGY BEGAN TO PROFIT FROM THE RISE IN THE NVDA.O THE DAY BEFORE. “THE CORE PCE DATA RELEASED THIS WEEK SEND A VERY CLEAR MESSAGE THAT INFLATION IS ACTUALLY STRONGER THAN WE EXPECTED.” IF THIS YEAR'S DATA ARE TAKEN TOGETHER, SOME POLICY ACTION MUST BE CONSIDERED AS SOON AS POSSIBLE.” HISTORICALLY, THE STATEMENT MADE BY THE CHAIRMAN OF THE FEDERAL RESERVE IN JACKSON HALL WAS NOT AN IMPORTANT CATALYST FOR LARGE STOCK MARKET VOLATILITY. SINCE 2000, WITHOUT A LARGER SHIFT IN MONETARY POLICY, THE AVERAGE DECLINE OF THE STANDARD 500 INDEX IN THE WEEK FOLLOWING THE JACKSON HOLE CONFERENCE WAS ONLY 0.4 PER CENT. TOLSTEN SLOC, CHIEF ECONOMIST OF APOLLO MANAGEMENT, PREDICTED THAT WALSH WOULD NOT PROVIDE FORWARD-LOOKING POLICY GUIDANCE ON FRIDAY, BUT THAT THERE COULD BE A CHANGE IN THE RATE OF RETURN OVER THE LONG TERM. IN A REPORT, HE WROTE: “WHATEVER HE TALKS ABOUT POLICY FRAMEWORKS AND ECONOMICS, AND IN PARTICULAR HOW HE VIEWS INFLATION, UNEMPLOYMENT AND NEUTRAL INTEREST RATES, CAN DRIVE CHANGE IN THE RATE OF RETURN AT THE LONG END.” KIM XIAN