How does Wall Street view Powell's shift? Is it time to discuss a 50 basis point rate cut in September?

Wall Street generally believes that Powell's speech has opened the door for a rate cut in September. The key to the size of the rate cut will be the August non-farm payrolls. If the labor market continues to weaken, the Fed may cut rates by 50 basis points or even 75 basis points.

wallstreetcnAug 25 02:03 ET

After Powell's 'explosive' speech, the market entered 'nvidia time'.

Next week, NVIDIA, the giant of AI chips, will release its financial report for the second quarter. This is not only about NVIDIA itself, but also about the global technology and even the financial industry chain. S&P Global Market Intelligence predicts that the company's revenue growth is expected to slow to 113%, and revenue is expected to increase to $28.7 billion.

wallstreetcnAug 24 21:24 ET

SA Sentiment Survey: Most Investors See S&P 500 Finishing 2024 Higher Than Current Levels

Seeking AlphaAug 24 11:00 ET

Wall Street Today | Market Sees Bright Future After Fed Talk

Moomoo Recap USAug 23 16:04 ET

S&P 500 Rises After Powell Says 'Time Has Come' for Rate Cuts

WSJAug 23 15:25 ET

Powell Issues Strongest Signal Yet That Rate Cuts Are On the Way

WSJAug 23 14:32 ET