SUMMARY OF FED CHAIRMAN POWELL'S SPEECH

1. FED will consider cutting in September if data allows. Currently no decision has been made

2. Q2 inflation data gave the Fed more confidence but not enough

3. Cutting interest rates too early can cause inflation to rebound, while cutting interest rates too late can unnecessarily weaken the economy

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It's clear that the Fed is considering cutting interest rates in September => As long as the upcoming inflation & employment data are in line with the Fed's wishes, there is a high possibility that this agency will start lowering interest rates in September as prediction market