Analysis: Powell has clearly stated that the Fed's primary goal has shifted to supporting the labor market, and interest rate decisions will be guided by employment data

BlockBeats News, August 23rd, according to The Kobeissi Letter's analysis, the meaning of Fed Chair Powell's speech today is: "Today's speech indicates that their (the Fed's) primary focus has now shifted to supporting the labor market. A shift in the risk balance may require policy adjustments, and he specifically referred to the labor market."

Therefore, the employment report will determine future rate cuts."