Institution: Although Powell hinted at interest rate cuts, investors still need to be cautious

On August 24, Golden Ten Data reported that Chris Zaccarelli, an independent consultant alliance, stated in a report that Fed Chairman Powell’s ‘balanced and frank’ speech at the Jackson Hole meeting paved the way for a 25 basis point rate cut in September and ‘opened the door to further rate cuts when necessary.’ He believes it is too early to talk about a soft landing for the economy and advises investors to ‘take a balanced approach to investing, neither preparing for an imminent recession nor pursuing risks and becoming complacent because the Fed will cut interest rates in less than a month.’