Analysts Predict Powell May Remain Cautiously Silent in Upcoming Speech

According to ChainCatcher, citing Jinshi News, Wall Street is closely watching Federal Reserve Chair Jerome Powell's speech on Friday. Analysts point out that Powell may acknowledge the possibility of a rate cut in September, but is unlikely to provide a specific timeline, as the Fed has yet to gather all the necessary data. The decision will depend on August's employment data and CPI readings next month. Several analysts believe Powell is unlikely to signal an aggressive rate cut and will continue to prioritize inflation over employment growth.