Analysis: Powell's Speech Suggests High Likelihood of Continuous Rate Cuts Starting in September

BlockBeats News, August 22, Market strategist Art Hogan said that Powell's ability to talk about the shifting balance of risks means that policy may need to adjust accordingly. This is a clear signal that he is willing to support future rate cuts, possibly taking action in September, October, and December. In other words, the impetus clearly comes from the softness of the labor market rather than the core commodity price increases we have seen due to tariffs... The clear message conveyed to the market is: September rate cut is now very likely. (Xinhua Finance)