Analyst Andrew Sacher: Washhe's not picking the right thing to talk about the market dovish expectations are dashed

On August 28, analyst Andrew Sacher: "It was previously believed that Federal Reserve Chairman Washi advocated using other inflation measures in order to select the one that is most beneficial to him. But in this speech, he did exactly the opposite. He broke down PCE inflation and found that 49% of its component items had an annualized price increase of more than 3%, and classified this level as 'quite high'. His discussions on the labor market are also hawkish, focusing on low unemployment and initial jobless claims. The number of non-farm payrolls, which usually attracts much attention, has only been passed over." (Jin Shi)