Market Analysis: The Federal Reserve Has Gathered Sufficient Data to Justify a September Rate Cut

According to a report by Jinse Finance, while Federal Reserve Chairman Jerome Powell is still speaking, his Jackson Hole address has already ignited bullish sentiment on Wall Street. David Laut of Abound Financial wrote, "Powell's dovish remarks at Jackson Hole indicate that the Fed is prepared to cut rates in September." Powell stated that monetary policy will be data-driven, also noting that the labor market is facing headwinds, while inflation expectations remain anchored. Laut commented, "Although there will be another employment report before the September meeting, it is clear that the Fed already has enough data to justify a rate cut in September."