Peter Schiff: The market is now hoping for a rate cut in September, and Powell has no reason not to deliver.

According to Odaily Star Daily, as the market's expectation for the Fed's rate cut next month increases, the Fed is likely to fulfill this expectation. Peter Schiff, a Wall Street giant, said that he will see a rate cut in September, mainly because the market is now counting on a rate cut in September. This is the reason why US stocks rebounded after dumping on Monday! Since the possibility of a rate cut in September has been factored in by the market, Powell has no reason not to fulfill it. He always meets market expectations and does not want to cause surprises in the market. (Jinshi)