<p>八月對股市來説是一個波動的月份，因為投資者試圖預測美聯儲在利率上的下一步行動。這就是為什麼本週所有的目光都集中在懷俄明州的傑克遜霍爾。8 月 22 日，週五，美聯儲主席傑羅姆·鮑威爾將發表一篇演講，這通常 <strong>預示着貨幣政策的長期變化</strong>。</p>
<p>由於市場已經預期九月份將降息 25 個基點，鮑威爾的語氣可能會引發短期波動。更重要的是，鮑威爾所暗示的方向可能決定哪些行業將引領市場上漲，哪些則滯後。</p>
<p>獲取 <strong>投資新聞</strong> 提醒：</p>
<h2>傑克遜霍爾：市場動向的歷史性場所</h2>
<p>傑克遜霍爾研討會是由堪薩斯城聯邦儲備銀行主辦的年度活動。這是中央銀行討論全球經濟關鍵問題的時刻。這也是一個以重要政策信號而聞名的活動。例如：</p>
<ul>
<li>在 2010 年，美聯儲主席本·伯南克首次暗示了量化寬鬆（QE）政策，這成為接下來十多年主導的貨幣政策。</li>
</ul>
<ul>
<li>在 2022 年，鮑威爾在討論利率未來走向時引入了 “高位持續” 的説法。</li>
</ul>
<p>通常，傑克遜霍爾會議對投資者來説是一個附屬事件。然而，今年的會議是在一個複雜的經濟背景下進行的。</p>
<p>一方面，<strong>通脹正在減緩，但仍高於美聯儲偏好的 2% 目標</strong>。鮑威爾曾表示，特朗普政府的關税政策可能會推動通脹，而降息只會加劇這一情況。</p>
<p>另一方面，雖然 “消費者” 似乎保持穩定，但這實際上取決於你所談論的消費者是哪一類。這是一個分化的經濟，財報季顯示低收入到中等收入的消費者正面臨壓力。</p>
<p>考慮到這一點，投資者應該將這次演講視為一條路線圖，而不是一個目的地。以下是一些值得考慮的想法。</p>
<h2>如果降息看起來可能，哪些行業會受益？</h2>
<p>較低的利率將對 <strong>人工智能（AI）股票</strong> 以及其他科技股和成長股普遍利好。這些公司中的許多都擁有高估值。然而，它們也在追求激進的資本支出計劃，這可能會受益於較低的折現率。</p>
<p>另一個值得考慮的領域是 <strong>房地產投資信託（REITs）</strong> 和公用事業股票。下降的債券收益率使它們的股息對尋求收入的投資者更具吸引力。</p>
<p>第三個值得關注的行業是 <strong>小盤股</strong>。許多這些公司需要債務來融資其運營。較低的利率提供了更好的資本獲取機會。</p>
<h2>如果鮑威爾保持穩定，哪些行業會受益？</h2>
<p>不要陷入 “沒有降息” 就是看跌的陷阱。鮑威爾堅持不降息的理由是美聯儲相信經濟穩定且在增長。如果是這樣，那麼投資者仍然會有機會。這些機會包括：</p>
<ul>
<li>金融股，特別是銀行股：高位持續的利率將改善淨利差。</li>
</ul>
<ul>
<li>能源股和基礎材料股：如果美聯儲對未來經濟增長表示信心，商品需求可能會增加。</li>
</ul>
<ul>
<li><strong>防禦性股票</strong>：這包括消費品和醫療保健等行業。擁有可靠現金流和強大資產負債表的公司在不確定時期提供避風港。</li>
</ul>
<h2>長期投資者應超越噪音</h2>
<p>對於散户投資者來説，關鍵的收穫是不要對頭條新聞過度反應。鮑威爾在傑克遜霍爾的演講可能會在短期內推動市場，但這些波動往往是暫時的。美聯儲的政策路徑隨着時間的推移而演變，押注於單一演講的投資組合通常不是一個成功的策略。</p>
<p>相反，長期投資者可能希望 <strong>利用波動性作為機會</strong>，要麼在拋售期間增加高質量的持倉，要麼輪換到與多年增長主題相一致的行業。目前，這意味着人工智能、能源轉型或醫療創新。投資這些行業可能比追逐美聯儲驅動的反彈更具回報。</p>
<p>最終，鮑威爾的演講將為投資者提供一個關於經濟未來可能走向的路線圖。但推動長期表現的仍然是公司的基本面。</p>
<h2>你現在應該投資 1000 美元在哪裏？</h2>
<p>在你進行下一筆交易之前，你會想聽聽這個。</p>
<p>MarketBeat 每天跟蹤華爾街頂級評級和表現最佳的研究分析師及其推薦給客户的股票。</p>
<p>我們的團隊已經確定了五隻股票，頂級分析師正在悄悄地向他們的客户推薦，現在就買入，以便在更廣泛的市場注意到之前……而且沒有一隻大名鼎鼎的股票在名單上。</p>
<p>他們認為這五隻股票是投資者現在應該購買的五家最佳公司……</p>
<p>在這裏查看這五隻股票</p>

標普 500 指數

<p>美聯儲主席傑羅姆·鮑威爾即將在傑克遜霍爾發表的演講預計將引發市場波動，影響各個行業的表現，這取決於潛在的利率信號。如果暗示將降息，人工智能、科技、房地產投資信託和小盤股等行業可能會受益。相反，如果利率保持穩定，金融、能源和防禦性股票可能會表現良好。投資者被建議關注長期策略，而不是對短期市場波動做出反應，因為鮑威爾的演講將勾勒未來經濟方向，但公司基本面最終將驅動表現</p>

<p>August has been a volatile month for stocks as investors try to anticipate the Federal Reserve’s next move on interest rates. That’s why all eyes are on Jackson Hole, Wyoming, this week. On Friday, August 22, Fed Chair Jerome Powell will deliver a speech that often <strong>signals longer-term shifts in monetary policy</strong>.</p>
<div class="lb-trans"><p>八月對股市來説是一個波動的月份，因為投資者試圖預測美聯儲在利率上的下一步行動。這就是為什麼本週所有的目光都集中在懷俄明州的傑克遜霍爾。8 月 22 日，週五，美聯儲主席傑羅姆·鮑威爾將發表一篇演講，這通常 <strong>預示着貨幣政策的長期變化</strong>。</p>
</div><p>With markets already pricing in a 25-basis-point cut in September, Powell’s tone is likely to spark short-term volatility. More importantly, the direction Powell signals could determine which sectors lead the market higher, and which lag behind.</p>
<div class="lb-trans"><p>由於市場已經預期九月份將降息 25 個基點，鮑威爾的語氣可能會引發短期波動。更重要的是，鮑威爾所暗示的方向可能決定哪些行業將引領市場上漲，哪些則滯後。</p>
</div><p>Get <strong>investing news</strong> alerts:</p>
<div class="lb-trans"><p>獲取 <strong>投資新聞</strong> 提醒：</p>
</div><h2>Jackson Hole: A Historic Venue for Market-Moving Fed Signals</h2>
<div class="lb-trans"><h2>傑克遜霍爾：市場動向的歷史性場所</h2>
</div><p>The Jackson Hole symposium is an annual event hosted by the Federal Reserve Bank of Kansas City. This is a time when central banks discuss critical global economic issues. It’s also an event that’s known for significant policy signals. For example:</p>
<div class="lb-trans"><p>傑克遜霍爾研討會是由堪薩斯城聯邦儲備銀行主辦的年度活動。這是中央銀行討論全球經濟關鍵問題的時刻。這也是一個以重要政策信號而聞名的活動。例如：</p>
</div><ul>
<li>In 2010, Fed chair Ben Bernanke first hinted at the quantitative easing (QE) policy that became the dominant monetary policy for the next dozen years.</li>
</ul>
<div class="lb-trans"><ul>
<li>在 2010 年，美聯儲主席本·伯南克首次暗示了量化寬鬆（QE）政策，這成為接下來十多年主導的貨幣政策。</li>
</ul>
</div><ul>
<li>In 2022, Powell introduced the phrase “higher for longer” when discussing the future direction of interest rates.</li>
</ul>
<div class="lb-trans"><ul>
<li>在 2022 年，鮑威爾在討論利率未來走向時引入了 “高位持續” 的説法。</li>
</ul>
</div><p>Normally, the Jackson Hole meeting is an ancillary event for investors. However, this year’s meeting is taking place under a muddled economic backdrop.</p>
<div class="lb-trans"><p>通常，傑克遜霍爾會議對投資者來説是一個附屬事件。然而，今年的會議是在一個複雜的經濟背景下進行的。</p>
</div><p>On the one hand, <strong>inflation is moderating but remains above the Fed’s preferred 2% target</strong>. Powell has expressed concerns that the Trump administration’s tariff policy will likely fuel inflation, which would only be enhanced by rate cuts.</p>
<div class="lb-trans"><p>一方面，<strong>通脹正在減緩，但仍高於美聯儲偏好的 2% 目標</strong>。鮑威爾曾表示，特朗普政府的關税政策可能會推動通脹，而降息只會加劇這一情況。</p>
</div><p>On the other hand, while the “consumer” seems to be holding up, it really depends on which consumer you’re talking about. This is a bifurcated economy, and earnings season is showing that low- to middle-income consumers are under pressure.</p>
<div class="lb-trans"><p>另一方面，雖然 “消費者” 似乎保持穩定，但這實際上取決於你所談論的消費者是哪一類。這是一個分化的經濟，財報季顯示低收入到中等收入的消費者正面臨壓力。</p>
</div><p>With that in mind, investors should view this speech as a roadmap rather than a destination. Here are some ideas to consider.</p>
<div class="lb-trans"><p>考慮到這一點，投資者應該將這次演講視為一條路線圖，而不是一個目的地。以下是一些值得考慮的想法。</p>
</div><h2>What Sectors Benefit If Rate Cuts Look Likely?</h2>
<div class="lb-trans"><h2>如果降息看起來可能，哪些行業會受益？</h2>
</div><p>Lower rates would be <strong>bullish for artificial intelligence (AI) stocks</strong> as well as other technology stocks and growth stocks in general. Many of these companies sport high valuations. However, they are also pursuing aggressive capital expenditure programs that could benefit from lower discount rates.</p>
<div class="lb-trans"><p>較低的利率將對 <strong>人工智能（AI）股票</strong> 以及其他科技股和成長股普遍利好。這些公司中的許多都擁有高估值。然而，它們也在追求激進的資本支出計劃，這可能會受益於較低的折現率。</p>
</div><p>Another area to consider would be <strong>real estate investment trusts (REITs)</strong> and utilities stocks. Falling bond yields make their dividends more attractive to income-seeking investors.</p>
<div class="lb-trans"><p>另一個值得考慮的領域是 <strong>房地產投資信託（REITs）</strong> 和公用事業股票。下降的債券收益率使它們的股息對尋求收入的投資者更具吸引力。</p>
</div><p>A third sector to watch would be <strong>small-cap stocks</strong>. Many of these companies require debt to finance their operations. Lower rates provide better access to capital.</p>
<div class="lb-trans"><p>第三個值得關注的行業是 <strong>小盤股</strong>。許多這些公司需要債務來融資其運營。較低的利率提供了更好的資本獲取機會。</p>
</div><h2>What Sectors Benefit If Powell Holds Steady?</h2>
<div class="lb-trans"><h2>如果鮑威爾保持穩定，哪些行業會受益？</h2>
</div><p>Don’t fall for the trap that “no cuts” is bearish. Powell’s stated reason for holding the line on rate cuts is the Fed’s belief that the economy is stable and growing. If that’s the case, then there will still be opportunities for investors. These include:</p>
<div class="lb-trans"><p>不要陷入 “沒有降息” 就是看跌的陷阱。鮑威爾堅持不降息的理由是美聯儲相信經濟穩定且在增長。如果是這樣，那麼投資者仍然會有機會。這些機會包括：</p>
</div><ul>
<li>Finance stocks, particularly bank stocks: Higher-for-longer interest rates will improve net interest margins.</li>
</ul>
<div class="lb-trans"><ul>
<li>金融股，特別是銀行股：高位持續的利率將改善淨利差。</li>
</ul>
</div><ul>
<li>Energy stocks and basic materials stocks: If the Fed signals confidence in future economic growth, commodity demand is likely to increase.</li>
</ul>
<div class="lb-trans"><ul>
<li>能源股和基礎材料股：如果美聯儲對未來經濟增長表示信心，商品需求可能會增加。</li>
</ul>
</div><ul>
<li><strong>Defensive stocks</strong>: This includes sectors like consumer staples and healthcare. Companies with reliable cash flows and strong balance sheets provide shelter during uncertain periods.</li>
</ul>
<div class="lb-trans"><ul>
<li><strong>防禦性股票</strong>：這包括消費品和醫療保健等行業。擁有可靠現金流和強大資產負債表的公司在不確定時期提供避風港。</li>
</ul>
</div><h2>Long-Term Investors Should Look Beyond the Noise</h2>
<div class="lb-trans"><h2>長期投資者應超越噪音</h2>
</div><p>For retail investors, the key takeaway is not to overreact to headlines. Powell’s Jackson Hole speech will likely move markets in the short term, but those swings are often temporary. The Fed’s policy path evolves over time, and betting portfolios on a single speech is rarely a winning strategy.</p>
<div class="lb-trans"><p>對於散户投資者來説，關鍵的收穫是不要對頭條新聞過度反應。鮑威爾在傑克遜霍爾的演講可能會在短期內推動市場，但這些波動往往是暫時的。美聯儲的政策路徑隨着時間的推移而演變，押注於單一演講的投資組合通常不是一個成功的策略。</p>
</div><p>Instead, long-term investors may want to <strong>focus on using volatility as an opportunity</strong>, either by adding to high-quality positions during sell-offs or by rotating into sectors aligned with multi-year growth themes. Right now, that means artificial intelligence, the energy transition, or healthcare innovation. Investing in these sectors can be more rewarding than chasing Fed-driven rallies.</p>
<div class="lb-trans"><p>相反，長期投資者可能希望 <strong>利用波動性作為機會</strong>，要麼在拋售期間增加高質量的持倉，要麼輪換到與多年增長主題相一致的行業。目前，這意味着人工智能、能源轉型或醫療創新。投資這些行業可能比追逐美聯儲驅動的反彈更具回報。</p>
</div><p>Ultimately, Powell's speech will provide investors with a roadmap of what is likely to come for the economy. But it’s company fundamentals that drive performance over the long haul.</p>
<div class="lb-trans"><p>最終，鮑威爾的演講將為投資者提供一個關於經濟未來可能走向的路線圖。但推動長期表現的仍然是公司的基本面。</p>
</div><h2>Where Should You Invest $1,000 Right Now?</h2>
<div class="lb-trans"><h2>你現在應該投資 1000 美元在哪裏？</h2>
</div><p>Before you make your next trade, you'll want to hear this.</p>
<div class="lb-trans"><p>在你進行下一筆交易之前，你會想聽聽這個。</p>
</div><p>MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis.</p>
<div class="lb-trans"><p>MarketBeat 每天跟蹤華爾街頂級評級和表現最佳的研究分析師及其推薦給客户的股票。</p>
</div><p>Our team has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and none of the big name stocks were on the list.</p>
<div class="lb-trans"><p>我們的團隊已經確定了五隻股票，頂級分析師正在悄悄地向他們的客户推薦，現在就買入，以便在更廣泛的市場注意到之前……而且沒有一隻大名鼎鼎的股票在名單上。</p>
</div><p>They believe these five stocks are the five best companies for investors to buy now...</p>
<div class="lb-trans"><p>他們認為這五隻股票是投資者現在應該購買的五家最佳公司……</p>
</div><p>See The Five Stocks Here</p>
<div class="lb-trans"><p>在這裏查看這五隻股票</p>
</div>

傑克遜霍爾會議 2025：美聯儲的信號可能會迅速影響股市