Recent economic data from the United States has shown a complex situation, sparking ongoing speculation in the market about the future direction of the Fed's monetary policy. The latest consumer confidence index has unexpectedly declined, marking the first decrease in four months, while inflation expectations have risen, all of which complicates the policymaking process.

In the upcoming week, investors will focus on the Fed's annual policy symposium held in Jackson Hole, Wyoming. Participants hope to gain key information regarding future interest rate adjustments. Here are the important events that the market will closely watch in the coming days:

On Wednesday evening, Fed Governor Waller will give a speech at a blockchain seminar in Wyoming, which may address the impact of fintech on monetary policy.

In the early hours of Thursday, the Fed will release the latest monetary policy meeting minutes, which may provide the market with more clues about the decision-makers' thought processes.

On the same day, Raphael Bostic, a voting member of the Federal Open Market Committee (FOMC) in 2027 and president of the Atlanta Fed, will give a speech on the economic outlook, and his views may influence the market's judgment on the future direction of monetary policy.

On Thursday evening, the United States will release the weekly initial claims for unemployment benefits for the week ending August 16, which will provide the latest indicator of labor market conditions.

On Friday evening, all eyes will be on Fed Chairman Powell's speech at the Jackson Hole Global Central Bank Annual Meeting. Powell is expected to use this important occasion to clarify the Fed's assessment of the current economic situation and may comment on the market's widely expected timeline for interest rate cuts.

Given the uncertainty of current economic data and the market's strong expectations for interest rate cuts, Powell's speech will be closely watched. He may try to strike a balance between maintaining policy flexibility and guiding market expectations, which will undoubtedly be a key factor affecting future market trends.