【Institution: The Fed's 'Inflation Worry Group' Will Only Support Rate Cuts If August Non-Farm Payrolls Are Weak Again】Golden Finance reports that, despite the three-month average of U.S. job growth currently being only 35,000, Pepperstone research director Chris Weston stated that Fed policymakers—especially those more concerned about the core PCE continuing to deviate from the 2% target—will only support a 'preemptive rate cut' after the August non-farm data, to be released on September 5, shows weak performance again. He added that the Fed's credibility is under severe scrutiny. Cutting rates in September with core PCE expected to exceed the target by 100 basis points will be a difficult decision under any circumstances. Weston also noted that it remains unclear whether the effects of tariffs will gradually become apparent. (Golden Ten)