The Kansas City Federal Reserve Bank's annual Jackson Hole Economic Policy Symposium begins, featuring discussions on the effectiveness and transmission of monetary policy, a crucial topic as the Federal Reserve contemplates an interest rate cut. Revised job growth data showing 818,000 fewer jobs than previously reported has increased expectations for a rate cut in September. Treasury yields have fallen, reflecting market anticipation of the Fed's dovish stance. Investors are particularly focused on Fed Chair Jerome Powell's upcoming remarks, hoping for clarity on the Fed's policy direction. The event has already influenced markets, with stocks, bonds, Bitcoin, and gold seeing gains, while the dollar has weakened.