Fed Chairman Powell goes live:



- The situation shows that employment is facing the risk of weakening.

- Changes in the risk balance may require adjustments to the Fed's policy stance.

- The Fed abandons the flexible average inflation target framework.

- We cannot overlook the expectation of stable inflation.

Traders currently assess about a 90% chance that the Fed will cut interest rates in September, up from 75% before Chairman Powell's speech.
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