[Institution: The Fed's 'Inflation Hawk' Will Only Support Rate Cuts If August Non-Farm Data Weakens Again] Golden Finance reports that although the three-month average of U.S. job growth is currently only 35,000, Pepperstone's research director Chris Weston stated that Fed policymakers—especially those more concerned about core PCE continuing to deviate from the 2% target—will only support an 'insurance rate cut' after the August non-farm data, released on September 5, shows weakness again. He added that the Fed's credibility is under severe test. Cutting rates in September when core PCE is expected to exceed the target by 100 basis points will be a difficult decision in any environment. Weston also pointed out that it remains unclear whether the effects of tariffs will gradually emerge. (Jin Shi)