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On August 23rd, local time, Federal Reserve Chairman Powell said at the Jackson Hole Global Central Bank Annual Meeting that he has more confidence in the overall inflation in the United States to fall back to the target of 2%, and he believes that it is time to adjust monetary policy. The market expects the Federal Reserve to cut interest rates in September. The three major U.S. stock indexes all rose by more than 1%, and the A50 index futures closed up 0.24%.

Analysts said Powell's view that the U.S. economy is growing at a "solid pace" has eased recession concerns. He has increased confidence that inflation will fall to 2%, and did not mention "gradual" interest rate cuts, leaving room for more substantial policy adjustments.

In the 41st Gold Nuggets Competition held by the Daily Economic News APP, registration starts today and the competition will start next Monday. At present, the contestants are registering quickly and preparing to buy the bottom next Monday. Some participating experts believe that the market expects the Federal Reserve to cut interest rates in September, which is good for the A-share market, and they expect the Shanghai Composite Index to turn upward.

The competition adopts the form of simulated stock trading, with simulated capital of 1 million yuan.The registration period for this competition is from August 24 to September 5 (Thursday, one day more than the registration period of previous competitions), and the competition period is from August 26 to September 6. At the end of the competition, the players with positive returns will receive cash rewards, and the top ten players will receive generous cash rewards. The first place will receive a cash reward of 1,888 yuan per person (before tax), the second to fourth place will receive a cash reward of 688 yuan per person (before tax), and the fifth to tenth place will receive a cash reward of 288 yuan per person (before tax); other players with positive returns will share the 1,000 yuan cash prize pool (before tax) equally.

To help players catch more market hot spots and increase their chances of winning, as long as you sign up for the Gold Nuggets Contest, you can unlock a "Fireline Quick Review" for free every day. Download and install the Daily Economic News APP immediately to sign up for the competition. You will have a greater chance of winning and can also learn investment skills from experts!