CoinVoice has recently learned that, according to Jinshi reports, market strategist Art Hogan stated that Powell is able to discuss the shifting balance of risks, and thus policies may need to be adjusted accordingly. This is a clear signal indicating his willingness to support future interest rate cuts, possibly taking action 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 that we see due to tariffs... The clear message being conveyed to the market is that a rate cut in September is now very likely. [Original link]