10x Research: inflation report to be released on August 14th shows inflation falling below 3.0%

While the Fed's statement maintained flexibility and did not explicitly indicate a rate cut in September, Chairman Powell's comments during the subsequent QA session hinted at the possibility of a rate cut depending on the expected decline in inflation, 10x Research said in its report. Earlier, Powell said the Fed would only begin cutting rates if the case for multiple rate cuts was clear enough. If the Fed continues to cut rates in September, there could be several more rate cuts to provide substantial stimulus to financial markets as the economy remains stable. According to its model, the upcoming inflation report on August 14 is expected to show inflation falling below 3.0%. From August through October, the market is entering a period of more favorable year-over-year inflation. Additionally, the price of gold is at an all-time high, which could be a positive sign for Bitcoin.