Investors buying U.S. Treasuries pushed yields down, and market expectations cooled ahead of Powell's speech

ChainCatcher news, according to Jinshi reports, ahead of Federal Reserve Chairman Powell's upcoming speech at Jackson Hole, investors are buying a large amount of U.S. long-term Treasury bonds, pushing yields down. Recent data has cooled market expectations for a rate cut in September. Powell faces a delicate balance and may avoid giving clear guidance before the August non-farm payroll data is released. Observers expect him to reiterate the Fed's independence from political pressure.