20260823 Global Economic Issues

🗂Jackson Hole Meeting Opens, Deepening Wait-and-See Approach on Monetary Policy Pivot As the Jackson Hole Symposium, where global central bank chiefs gather, kicks off, the financial markets' cautious stance intensifies. Driven by the desire to confirm the Fed's September rate cut magnitude and whether it will maintain a prudent stance, major New York Stock Exchange indices are showing a wait-and-see attitude without a clear direction. 🗂Treasury's Large-Scale Buyback Offer Fails to Prevent Bond Yield Rebound To ease the surge in long-term bond yields, the U.S. Treasury hinted at the possibility of expanding its bond buyback limits. However, this has not fully resolved market concerns about the fiscal deficit. The U.S. 10-year Treasury yield has rebounded to around 4.7%, capping the upside for tech stocks. 🗂International Oil Prices Stay at $93 Following Trump Administration's Warning of Strengthened Economic Sanctions on Iran With the announcement of additional U.S. sanctions on Iran imminent, Brent crude is maintaining its strength at around $93 per barrel due to concerns about supply disruptions. The sustained high oil prices are keeping concerns about the resurgence of global inflation alive.