Former Fed Governor: Fed may not cut rates in September if labor market does not deteriorate

On August 1st, according to Jinshi Data, former Federal Reserve Governor Larry Meyer wrote after this week's Fed interest rate meeting that Powell's speech meant that if things continue as they are now (including the important point that the labor market has not deteriorated), the FOMC is very likely to continue to hold steady in September. At the same time, Powell did not sound like he was ruling out a rate cut, and the FOMC would take action to cut rates as long as future data and the evolution of the outlook indicated a good reason to do so. [Techflow]