TechFlow news, on August 22, according to Jinshi Data, Fed Chair Powell is still speaking, but his Jackson Hole speech has already ignited bullish sentiment on Wall Street. David Laut of Abound Financial wrote: "Powell's dovish remarks at Jackson Hole indicate the Fed is ready to cut rates in September." Powell stated that monetary policy will be data-driven, while noting that employment faces headwinds and inflation expectations remain anchored. Laut said: "Although there will be one more employment report before the September meeting, it is clear that the Fed already has sufficient data to justify a rate cut in September."
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