Agency: Powell is equivalent to cutting interest rates a month earlier

On August 23rd, Sam Stovall, chief investment strategist at CFRA Research, said that it was a bit surprising that Powell was very clear in his statement that inflation was falling. In addition, the Federal Reserve also believes that inflation will continue to decline, and employment has not been adversely affected. Powell wants to let the market know that the Fed is not behind the curve. By making clear the possibility of a rate cut in September, Powell is actually cutting rates a month earlier. The timing of the first drop is clear, and the magnitude is still in doubt. I don't think the Fed will suddenly cut rates by 50 basis points. Slow and steady is how the Fed wants to implement easing in the early stages.