ChainCatcher news, according to Jinshi reports, market strategist Art Hogan stated that Powell is able to discuss the shift in risk balance, indicating that policies may need to be adjusted accordingly. This is a clear signal showing his willingness to support future rate cuts, potentially in September, October, and December.

In other words, the driving force clearly comes from the weakness in the labor market, rather than the increase in core commodity prices we see due to tariffs... The clear message being conveyed to the market is that a rate cut in September is now very likely.