金吾财讯 | 据中信建投证券指出，周六晚杰克逊霍尔会议，沃什发表论述，核心内容有四点：（1）减弱前瞻指引，货币走一步看一步。（2）美联储依然关注通胀，且重申2%是目标中枢。（3）关注AI对于美国乃至全球经济影响。（4）美国当下就业仍存在压力。
中信建投证券表示，相较前任主席，沃什这份表述“四平八稳”，没有明确的鸽派或鹰派信息。但市场聚焦于一点，美国依然锚定2%通胀中枢，开始交易9月美联储或有加息。美股、黄金等流动性敏感资产应声而下。
中信建投证券认为，市场或高估了美联储控通胀能力。因为美国通胀根源在全球秩序撕裂所带来的供给脆弱性，而非需求强弱。所以美联储控通胀空间有限，这也意味着市场无需过度放大美联储在通胀上面的表述。
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