In its latest market analysis, Commerzbank suggests that given the recent market turmoil, the Federal Reserve is unlikely to endorse more aggressive interest rate cuts than expected at the upcoming Jackson Hole symposium. Currency analyst Antje Praefcke points out that if the consumer price index (CPI) inflation data on August 14th exceeds expectations or there is a widespread panic in the market again, Fed officials may remain calm during the symposium on August 22-24 and wait for the latest employment report in September. Praefcke further explains that if current expectations for interest rate cuts need to be revised, it could potentially be favorable for the US dollar, leading to an increase in the value of the dollar.