[Analysis: Powell Addresses Employment Risks, Paving the Way for a September Rate Cut] According to a report by Jinse Finance, Jay Hatfield, CEO of New York Infrastructure Capital Management, stated that Powell's remarks were evidently more dovish than market expectations. He addressed the weakening labor market and acknowledged the associated risks. This has laid the groundwork for a rate cut in September, which is positive. We had long anticipated a rate cut, so we currently maintain a neutral stance on the market. Typically, we lean bearish in the fall, but for now, we are neutral, which is already quite optimistic for this season. We are reassured that Powell is not entirely at a loss.