美元/新加坡元 (USDSGD) 加自选

市场每周展望-美联储主席支点在美国个人消费支出和日本通胀数据公布前引发反弹。周五，在美联储主席杰罗姆·鲍威尔在杰克逊霍尔研讨会上的演讲中暗示可能降息后，华尔街主要指数飙升。

Markets Weekly Outlook – Fed Chair Pivot Ignites Rally Ahead of US PCE and Japanese Inflation Data.Wall Street's main indexes surged on Friday after Federal Reserve Chair Jerome Powell hinted at a possible interest rate cut during his speech at the Jackson Hole Symposium.

每周底线：美联储主席鲍威尔为降息敞开大门。长期以来，我们一直认为，加拿大经济疲软带来的经济疲软将有助于缓解通胀压力，抵消对美国商品征收报复性关税、努力使出口多样化而远离美国以及加拿大公司寻求新供应商对消费者价格的推高。7月份的通胀数据与这一说法非常吻合。

The Weekly Bottom Line: Fed Chair Powell Opens Door for Rate Cuts.We have long believed that economic slack from a softening Canadian economy would help ease inflationary pressures, counterbalancing the upward push on consumer prices caused by retaliatory tariffs on U.S. goods, efforts to diversify exports away from the U.S., and Canadian firms seeking new suppliers. The July inflation data aligned closely with this narrative.

每周经济与金融评论：鲍威尔对9月降息持开放态度。随着市场为鲍威尔主席在杰克逊霍尔的演讲做准备，住房是本周关注的焦点。总而言之，7月份现房销售和房屋开工的上行惊喜掩盖了住宅活动的疲软趋势。

Weekly Economic & Financial Commentary: Powell Keeps Options Open for September Rate Cut.Housing was the focus of attention this week as markets prepared for Chair Powell's speech at Jackson Hole. All told, upside surprises in existing home sales and housing starts during July conceal a weakening trend in residential activity.

鲍威尔发出9月美联储降息信号，大宗商品价格飙升。官方消息：等待已经结束。美联储最受期待的2025年政策转变终于到来，为几十年来大宗商品市场最有利可图的机会打开了大门。

Commodity Prices Surge As Powell Signals September Fed Rate Cut.It's official: the wait is over. The Federal Reserve's most anticipated policy shift of 2025 has finally arrived – opening the door to what could be the most lucrative opportunity in the Commodity markets in decades.