CoinVoice has learned that, according to Jin Shi reports, despite the average job growth in the U.S. over the past three months being only 35,000 people, Pepperstone research director Chris Weston stated that Federal Reserve policymakers, particularly those concerned about the core PCE deviating from the 2% target, will only support an 'insurance rate cut' after the August non-farm data, to be released on September 5, shows further weakness.

He pointed out that the credibility of the Federal Reserve is being tested, and with expectations that the core PCE will exceed the target by 100 basis points, a rate cut in September will be a difficult decision. [Original link]