Institution: Although Powell hinted at a rate cut, investors still need to be cautious

Chris Zaccarelli of the Independent Advisor Alliance said in a report that the "balanced and frank" speech delivered by Federal Reserve Chairman Powell at the Jackson Hole Conference paved the way for a 25 basis point rate cut in September and "opened the door to further rate cuts if necessary." He believes it is too early to say that the economy has a soft landing, and advises investors to "take a balanced approach to investment, neither preparing for a recession that may be imminent, nor pursuing risks and becoming complacent because the Fed will cut interest rates in less than a month."