Next week's global Central Bank annual meeting draws follow Fed officials frequently speaking out, releasing hawkish signals.

Next Friday, global investors will focus on the Jackson Hole Global Central Bank Symposium held in Wyoming. During this event, Fed Chairman Powell will deliver a speech on the economic outlook, and his remarks may hint at the future direction of interest rates in the United States.

Before Powell's speech, several Fed officials recently expressed their views, releasing hawkish signals, seemingly setting the tone for Powell's address. Analysts expect that Powell may deliver a tough statement, reiterating the Central Bank's determination to curb inflation and control future price increase expectations.

Last Friday, Richmond Fed President Barkin emphasized that even if inflation leads to an economic recession, the Fed must remain committed to fighting inflation. The day before, three senior Fed officials also made hawkish remarks.

St. Louis Fed President Bullard expressed a preference for a 75 basis point rate hike in September. He believes that the policy rate should be raised quickly to a level that can exert significant downward pressure on inflation and questioned the necessity of delaying rate hikes until next year. Bullard also noted that the current economic situation is relatively clear, but inflation rates remain high, so it is reasonable to continue raising rates to a range that can control inflation.

Kansas City Fed President George also holds a similar view. She believes that although the July inflation data is encouraging, it is still too early to declare victory over inflation.

The San Francisco Fed President Daly, who has always been seen as a dove, stated that the Fed should slightly raise interest rates to above 3% by the end of the year to curb inflation. She pointed out that the specific rate hike in September will depend on subsequent economic data, with 50 or 75 basis points both being appropriate choices. Daly also emphasized that she does not want the market to perceive the Fed's path as hump-shaped, meaning a rapid rate increase this year followed by a significant rate cut next year.

Affected by the Fed's hawkish stance, the cryptocurrency market experienced a significant decline last Friday.

Petersen, a senior strategist at BlackRock Investment Institute, believes that to achieve the 2% inflation target, the Fed will have to suppress economic growth. However, to promote economic development, the Fed may ultimately "accept coexistence with inflation." This dovish turn may not happen in the short term, but it could arrive in 2023.