Market Analysis: The Fed has gathered enough data to justify a rate cut in September.

[Market Analysis: The Fed Has Enough Data to Prove the Rationale for September Rate Cuts] Fed Chairman Powell is still speaking, but his Jackson Hole speech has ignited bullish sentiment on Wall Street. David Laut of Abound Financial wrote, "Powell's dovish remarks at Jackson Hole indicate that the Fed is ready to cut rates in September." Powell stated that monetary policy will be data-driven, while also mentioning that employment faces resistance, and inflation expectations remain anchored. Laut noted, "Although there will be another employment report before the September meeting, it is clear that the Fed has already gathered enough data to justify a rate cut in September."