PANews reported on August 24 that according to Jinshi, Chris Zaccarelli of the Independent Advisor Alliance said in a report that the "balanced and frank" speech delivered by Federal Reserve Chairman Powell at the Jackson Hole Conference paved the way for a 25 basis point interest rate cut in September and "opened the door to further interest rate cuts if necessary." He believes that it is too early to say that the economy has a soft landing, and advises investors to "take a balanced approach to investment, neither preparing for the possibility of a recession, nor pursuing risks and becoming complacent because the Fed will cut interest rates in less than a month."
