Fed mouthpiece Timiraos speaks: The hawkish tone from the July meeting has not faded, but the door to a rate cut in September has quietly opened a crack!

—— Powell's press conference early revealed a hawkish stance, but once the August jobs report was released, more officials have ‘softened’ their positions on a rate cut in September.

On one side is the residual influence of hawkishness, while on the other side is the loosening towards rate cuts; this policy 'seesaw' is quickly making the market's heart race.