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Gold 10 data august 25 - according to china and gold macro, federal reserve chairman powell released a clear signal to cut interest rates at the jackson hole meeting, September rate cut is a foregone conclusion. Powell stressed that downside risks to employment have increased, that the time has come for policy adjustments, and that the Fed will do everything it can to prop up the labor market. But he made no comment on the size or speed of the rate cut, leaving room for further action. The benchmark scenario remains that the Fed will cut interest rates by 25 basis points in September and could cut interest rates by 50 basis points if the non-farm data unexpectedly weakens again. Markets reacted positively to Mr Powell's early announcement of a rate cut because it responded to concerns that the Fed was "behind the curve". Wall Street believes the Fed will not hesitate to act if the labor market continues to weaken. (Replicated from: Jin Shi Data)