U.S. bank deposits rose to $19.532 tln from $19.496 tln last week, an increase of $36 bln.

TD Securities strategists say Fed Chair Kevin Warsh’s remarks at next week’s Jackson Hole symposium could offer investors a slight reprieve if he provides additional guidance; continued avoidance of forward guidance would be disappointing. Markets will seek clues on the Fed’s reaction function and reassurances about its anti‑inflation resolve. Strategists expect a gradual, non‑disruptive speech rather than a regime shift, but warn downside risk from unmet expectations remains high.

On Aug. 21 Kweichow Moutai held its 2026 interim results briefing and said it is systematically drafting an overall market-value management plan for 2027–2029 to further strengthen a long-term market-value management mechanism.