Golden Finance reported that Fed Chairman Powell said that a rate cut may be discussed at the September meeting; the Fed is getting closer to a rate cut; it is generally believed that the Fed is getting closer to a rate cut, but it has not yet reached that point; the Fed will receive a lot of data from the future until the September FOMC monetary policy meeting. Powell said that there was indeed an in-depth discussion on rate cuts at this meeting; the vast majority of people supported not adjusting interest rates at this meeting; the Fed will not make decisions based on a single factor, but will depend on the overall data performance; inflation, employment, risk balance, and overall data performance will help make decisions; the Fed just needs to see more good data. The data does not indicate that the US economy is weak or overheated; it does take the Beige Book and the weakening of unofficial data seriously. Powell said that several inflation data released recently have boosted confidence; the upside risk of inflation has been reduced. A 50 basis point rate cut is not something the Fed is currently considering; there is indeed a possibility of discussing a rate cut at this meeting; the vast majority of decision makers support staying put at this meeting; the time for a rate cut is getting closer, possibly in September.