20260830 Global Economic Issues

🗂Global asset markets remain cautious about sustained tightening following the Jackson Hole summit. . After Federal Reserve Chairman Kevin Wash's hawkish speech, New York financial markets were quiet over the weekend, reflecting receding expectations for interest rate cuts and forming a consolidation pattern. The market is once again closely watching the possibility of the Fed's inflation-fighting stance being prolonged. 🗂Market reaction limited despite US Treasury's announcement on debt management Although the US Treasury announced plans for additional bond purchases and adjustments to broaden the demand base for long-term government debt, concerns over the accumulating fiscal deficit prevailed, keeping US Treasury yields firm near the upper end of the 4.6% range. 🗂Geopolitical risks subside, international oil prices (WTI) stabilize around $82 As the tension surrounding maritime passage in the Middle East continues to ease, WTI crude oil prices have trended downwards, stabilizing around $82 per barrel. While the short-term inflationary pressure from high oil prices has somewhat subsided, a wait-and-see attitude prevails across the broader commodity market.