Yardeni expects the probability of the Fed cutting interest rates in September to be only 40%, Powell's speech at the Jackson Hole Symposium is the focus.

According to the Wise Finance APP, Ed Yardeni, President of Yardeni Research, stated in an interview that the possibility of a rate cut by the Federal Reserve in September is less than 50%, with a specific probability of around 40%. He pointed out that the Federal Reserve still needs to evaluate two inflation reports and one employment data before the September meeting. The current job market is showing a "very unstable labor market" characteristic - initial claims for unemployment benefits show a small scale of layoffs, but the increase in continued claims indicates a lengthening job search cycle. He believes that companies may delay hiring plans due to the impact of technologies such as artificial intelligence on labor or productivity improvements.