The Fed Chair will give a speech at the Central Bank annual meeting next week, with senior officials releasing hawkish signals in advance.

Next Friday, global investors will closely watch the Jackson Hole Global Central Bank Conference held in Wyoming. Fed Chair Powell will deliver a speech at the meeting, discussing the economic outlook, which may provide important clues for the direction of interest rates in the United States.

Before Powell's speech, several Fed officials have recently made hawkish comments, seemingly setting the tone for the upcoming address. Observers expect that Powell may take a tough stance, emphasizing the Central Bank's determination to curb inflation and control rising price expectations.

Last Friday, Richmond Fed President Barkin stated that even in the face of recession risks, the Fed must continue to fight inflation. The day before, three Fed officials also expressed similar views.

St. Louis Fed President Bullard, viewed as a major hawk of the Fed, favors 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 questions the necessity of delaying the rate hike until next year.

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

The San Francisco Fed President Daly, who has always been viewed as a dovish figure, 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 economic data, and both 50 and 75 basis points could be appropriate choices.

BlackRock Investment Institute senior strategist Petersen believes that in order to bring inflation down to the target of 2%, the Fed will have to suppress economic growth. However, to promote economic development, the Fed may ultimately have to accept the reality of coexisting with inflation. Nonetheless, this dovish shift may not occur until 2023, later than the market currently expects.

Against the backdrop of frequent hawkish statements from Fed officials, the cryptocurrency market saw a significant decline last Friday, indicating that investors are concerned about the tough policy stance that the Fed may adopt.