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Market Analysis: Powell's speech suggests a high possibility of consecutive interest rate cuts starting in September.
Jin10 data August 22 news, market strategist Art Hogan stated that Powell is able to talk about the shift in risk balance, and therefore policies may need to be adjusted accordingly. This is a clear signal indicating his willingness to support future interest rate cuts, which may take place in September, October, and December. In other words, the driving force clearly comes from the weakness in the labor market, rather than the rise in core commodity prices we see due to tariffs… The clear message conveyed to the market is: a rate cut in September is now very likely.