Powell said, “We have made no decisions about September.”

Some people are acting like this confirms there won’t be a rate cut — but that’s not what he said. All it means is: nothing is decided yet.

What do people expect? That he’ll come out and say, “Yes yes, we will cut rates in September”? Then what’s the point of waiting for upcoming data?

There’s still a high probability of a cut.

The market is overreacting.
Smart money is shaking weak hands. Don't get played.