ChainCatcher news, Peter Cardillo, chief market economist at Spartan Capital Securities, stated that he originally expected the Federal Reserve to gradually cut interest rates by 25 basis points, but the Fed's actions have been "much more generous" than he anticipated, especially as they have already hinted at a possible additional cut of 50 basis points before the end of the year.Cardillo believes that the Fed's move is clearly dovish, mainly due to concerns about a weak labor market. Although the news initially prompted a positive reaction in the U.S. stock market, Cardillo pointed out that market sentiment may change in the coming days, and investors might start to worry about the economic outlook.

ChainCatcher news, according to Jinshi reports, Peter Cardillo, chief market economist at Spartan Capital Securities, stated that Powell holds a dovish stance, indicating that there is enough room to address any potential risks. I think this is a key point. What he means is that if the labor market continues to weaken, we might see a 50 basis point rate cut in September instead of 25 basis points."Now is the time for policy adjustment; we do not seek nor welcome further cooling of the labor market." This is another key point that suggests a 50 basis point rate cut in September. He seems to be responding to the significant adjustments made to the non-farm data a few days ago. Today, Powell appeared relatively dovish, and we saw the market respond accordingly. I believe we will have two rate cuts this year, totaling 75 basis points, especially if the August non-farm employment report shows further weakness.