Analysis: Investors still need to be cautious about the Fed's hint of rate cuts

Chris Zaccarelli of the Independent Advisor Alliance said in a report that Fed Chairman Powell's "balanced and frank" speech at the Jackson Hole conference paved the way for a 25 basis point rate cut in September and "left the door open for further rate cuts if necessary." He believes it is too early to say that the economy has a soft landing, and advises investors to "take a balanced approach to investment, neither preparing for the possibility of a recession, nor seeking risks and becoming complacent because the Fed will cut interest rates in less than a month." (Jinshi)