Analysis suggests the Fed may cut interest rates in September, and Powell's remarks indicate a dovish signal.

On August 24, a securities company released a research report stating that Fed Chairman Powell's speech at the 2025 Jackson Hole Global Central Bank Annual Meeting showed dovish signals, providing guidance for a rate cut in September. The report noted that Powell believes inflation risks are rising and that revisions to the U.S. monetary policy framework will make the policy more flexible. In the specific analysis, the report mentioned Powell's reassessment of the U.S. labor market and the increased risks to employment, pointing out that there are significant short-term risks to job losses, and that monetary policy may face a shift.

The company expects to cut interest rates by 25 basis points in September, with a maximum of 2 cuts throughout the year, totaling about 50 basis points. The report emphasizes that the pace of rate cuts will not be too fast, mainly for precautionary reasons.