On August 26 (Beijing time), the Federal Reserve Chair Janet Yellen delivered a speech entitled "The Federal Reserve's Monetary Policy Toolkit: Past, Present, and Future", focusing on whether the Fed have adequate tools to respond to future economic downturns.

ANBOUND Consulting believes that the possibility of a fed rate hike in September has increased substantially and the market should be prepared for this.

Although the foundation of the US economic recovery is not solid, given that the market is expecting a rate hike, the United States will do more harm to its own economy and the world economy should it fails to deliver the expectation.

This is yet another example of the saying, "The market is not afraid of bad news; the market is fear of uncertainty",