In the coming week, the global financial markets will focus on the movements of the Federal Reserve. The release of the minutes from the Fed's monetary policy meeting and Chairman Powell's speech at the Jackson Hole Global Central Bank Annual Conference will be the focal points closely followed by market participants. Investors generally hope to gain clues about the future direction of interest rates from these events, especially regarding the potential changes in the likelihood of rate cuts.

Recent U.S. economic data presents a complex situation. The growth in retail sales injects positive factors into the economy, but at the same time, the decline in the consumer confidence index and the rise in inflation expectations bring some uncertainty to the market. This contradiction in economic data is also reflected in the discussions within the Fed, where decision-makers seem yet to reach a consensus on whether to cut interest rates in September. It is particularly noteworthy that inflation in the service sector still shows a degree of stubbornness, which may affect the Fed's policy decisions.

In addition to key monetary policy events, several Fed officials will also give public speeches in the coming week. Market participants will closely follow these speeches in hopes of gaining more insights into the Fed's policy thinking. At the same time, upcoming economic indicators such as initial jobless claims and the preliminary Purchasing Managers' Index (PMI) will also provide important references for evaluating the health of the U.S. economy.

In this complex economic environment and with policy uncertainties, investors need to stay vigilant and closely follow various economic indicators and policy signals to timely adjust their investment strategies. At the same time, the movements of other major global economies should not be ignored, as they may have an indirect impact on the US economy and monetary policy. In the coming week, financial markets may experience fluctuations due to the release of these important events and data, and investors should be well-prepared.