Interest rate cuts are just Trump's wishful thinking; everything starts from his desire to secure his position as president, and all decisions are made from a businessman’s perspective! However, the Federal Reserve is not something a president can decide; otherwise, if the understanding king had the power, he would have cut rates long ago! Once the Federal Reserve cuts rates, it will lead to a depreciation of the dollar and a massive outflow of funds, which is something the Fed does not want to see! So, everyone, wait for Powell's speech on August 22; it will definitely be based on August's non-farm payroll data and PPI before any decisions are made, and based on July's data, it is impossible for it to drop in just one month. Moreover, the tariffs this month have increased even more sharply, and maintaining last month's data would already be a significant achievement! However, last month’s data clearly does not support a rate cut! Open your eyes! All expectations of rate cuts will eventually turn into illusions!! Protecting profits and preserving principal is the survival rule for us ordinary people!
