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Analysis: Powell's Speech Suggests Increased Likelihood of Continuous Rate Cuts Starting in September
Summary: According to sources, market strategist Art Hogan stated that Powell's ability to talk about shifting risk balance indicates a need for corresponding policy adjustments. This is a clear signal that he is willing to support future rate cuts, possibly taking action in September, October, and December. In other words, the driving force clearly comes from ...
According to sources, market strategist Art Hogan stated that Powell's ability to talk about shifting risk balance indicates a need for corresponding policy adjustments. This is a clear signal that he is willing to support future 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 core commodity price increases we have seen due to tariffs... The clear message being conveyed to the market is: a rate cut in September is now very likely.
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Link: Analysis: Powell's Speech Suggests Increased Likelihood of Continuous Rate Cuts Starting in September [Copy]
