Institution: Although Powell hinted at interest rate cuts, investors should remain cautious

ChainCatcher news, according to Jinshi reports, Chris Zaccarelli of the Independent Advisor Alliance stated in a report that Federal Reserve Chairman Powell's "balanced and frank" speech at the Jackson Hole meeting paved the way for a 25 basis point rate cut in September and "opened the door for further rate cuts if necessary."

He believes it is too early to say that the economy is on a soft landing and advises investors to "take a balanced approach to investing, neither preparing for a potential recession nor becoming complacent due to the Fed's impending rate cut in less than a month."