#杰克逊霍尔会议#

Don't be superstitious about Jackson Hole; it's the "psychological massage" of the financial world.
Every year at the Jackson Hole conference, the market behaves like a student before an exam: nervous, anxious, wanting to hear the answers. But the teacher—the Federal Reserve—never gives a "standard answer," only throwing out a few vague hints. As a result, the market automatically fills in the plot: expectations of interest rate cuts, the dollar's movements, the rise and fall of gold, comparable to a large psychological projection site.
In fact, this is more like a "financial psychological massage": making investors feel that "the central bank is still in control," even if the reality is complex. In other words, what is conveyed here is not policy, but confidence. Smart players need to understand that the rhythm of policy should be based on data, not blindly believing in a line. After all, what truly determines the market is not the conference itself, but the market's own "easily stirred little heart."