After Powell's speech, the probability of a rate cut by the Federal Reserve in September has risen to 91.1%.

According to CME's "FedWatch": The probability of the Federal Reserve keeping interest rates unchanged in September is 8.9%, while the probability of a 25 basis point rate cut is 91.1%. The probability of the Federal Reserve keeping interest rates unchanged in October is 4.3%, with a cumulative 25 basis point rate cut probability of 48.9% and a cumulative 50 basis point rate cut probability of 46.8%.