As market expectations for a rate cut by the Federal Reserve in September grow increasingly high, financial titan Peter Schiff forecasts that a cut will take place in September, mainly due to the market's anticipation of a rate cut in September. This explains why US stocks rebounded following Monday's sell-off. Given that the market has already factored in the likelihood of a September rate cut, there's no reason for Powell not to follow through; he consistently meets market expectations to avoid unexpected shocks in the market.