The road to higher US stocks still faces obstacles! Investors are waiting for Powell to "give the green light" for rate cuts.

According to the Securities Times APP, if the pace of interest rate cuts by the Federal Reserve is not as fast as expected by the market, or if the idea of cutting interest rates is completely abandoned, the US stock market may face obstacles in further rising. Wall Street's attention is focused on Fed Chairman Powell's speech at the Jackson Hole Global Central Bank Annual Meeting on Friday. Although traders speculate that a slowdown in job growth may open the door for the Fed to shift to a more dovish position, the higher risk is that Powell remains tight-lipped about the policy path after a series of inflation data exceeds expectations.