Analysis: Powell's speech suggests a high probability of consecutive rate cuts starting in September

According to Odaily Planet Daily, market strategist Art Hogan stated that Powell's ability to speak of a shifting balance of risks suggests that policy may need to adjust accordingly. This is a clear signal that he is willing to support future rate cuts, potentially in September, October, and December. In other words, the impetus is clearly coming from labor market weakness, rather than the core commodity price increases we've seen due to tariffs... The clear message to the market is that a September rate cut is now very likely. (Jinshi)