Odaily Planet Daily News: The Kobeissi Letter released the latest market analysis, saying that Federal Reserve Chairman Powell has actually surrendered, and the Fed will cut interest rates in a month and blame it on a "weak labor market." At the same time, the PPI inflation rate increased at its highest level in three years, and the CPI inflation rate has been above 2% for 53 consecutive months. In order to better understand what is happening, you must first understand the responsibilities of the Federal Reserve: the purpose of the Federal Reserve is to reduce unemployment and avoid inflation/deflation. This is the Fed's "dual mission." Since 2021, the Federal Reserve has paid close attention to inflation. However, Federal Reserve Chairman Powell made a major shift in his speech on Friday: "Changes in the balance of risks may require us to adjust our policy stance." In other words, the Fed now believes that the risk of unemployment is greater than inflation, which all but confirms that a rate cut is coming.