Recent remarks by Fed Chairman Powell have shown a firm stance, revealing no signals of any potential easing of monetary policy. He reiterated that the Fed needs more economic data to determine the direction of interest rates in September. This statement has disappointed the market, and the price movements in the financial markets clearly reflect this sentiment.

Powell's attitude once again confirms the independence of the Fed, indicating that its decisions will not be influenced by political factors. He pointed out that future inflation levels are likely to be affected by tariff policies. Before the effects of tariff policies are fully realized, the Fed is unwilling to make premature judgments and instead chooses to wait for more economic data to be released.

This position means that if Powell and the Fed maintain their current view, the possibility of a rate cut in September is not within the Fed's consideration until the comprehensive implementation of tariff policies and their impact on inflation are unclear. The market reacted quickly to this, with the probability of the Fed not cutting rates in September rising sharply from 33.6% before the speech to 51.8% after Powell finished speaking.

This shift reflects the market's reevaluation of the Fed's policy direction, highlighting the significant impact of economic data and policy changes on financial markets. Investors and economists will closely monitor economic indicators in the coming months to predict the actions the Fed may take.