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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 risk balance shifting, hence policies may need to adjust accordingly. This is a clear signal indicating his willingness to support future rate cuts, which may occur in September, October, and December. In other words, the driving force clearly comes from the weakness in the labor market, not from the core commodity price rise we see due to tariffs... The clear message conveyed to the market is: a rate cut in September is now very likely.
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