
INTERIM CAPSULE: POWELL IS DOVISH — SIGNALS RATE CUT
By Nigam Arora In his Jackson Hole speech, Powell is dovish. Powell is signaling a rate cut in September. Powell is giving the Bulls most, but not all of what they wanted. In The Arora Report analysis, there is now a 95% rate cut in September. Only if the September inflation data is significantly worse than expectations, the rate cut may not happen. Here are the money flows: Money is flowing into stocks Money is flowing into bonds Money is flowing into gold Money is flowing into cryptos Money is flowing out of the dollar To take a free 30-day trial