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Powell releases dovish signals, and the expectation of a rate cut in September heats up.
[Coin World] Jay Hatfield, CEO of Infrastructure Capital Management in New York, stated that Powell's remarks are clearly more dovish than the market expected. He responded to the weakening labor market and acknowledged the risks involved. This lays the groundwork for a rate cut in September, which is positive. We have long anticipated a rate cut, so we currently hold a neutral attitude towards the market. Typically, we would be bearish in the fall, but right now we are just neutral, which is considered quite optimistic for this time of year. We are reassured that Powell is not completely at a loss.