Powell's press conference opening statement: The unemployment rate remains low, the unemployment rate remains low, and the U.S. PCE inflation rate is expected to rise by 2.7% year-on-year in August

Federal Reserve Chairman Jerome Powell stated in his opening remarks at the press conference: The unemployment rate remains relatively low but has risen.

Over the past year, the unemployment rate has remained nearly unchanged.

The growth in employment has slowed, and downside risks have increased.

The slowdown in employment growth reflects a reduction in the labor force on the positive side.

Employment demand has softened.

The growth rate of employment seems to be below the equilibrium level.

The momentum in the labor market has declined and has become somewhat weaker.

Inflation has risen recently and remains somewhat elevated.

The U.S. PCE inflation rate for August is expected to rise by 2.7% year-on-year, with core PCE expected to rise by 2.9% year-on-year.

It is expected that there will continue to be anti-inflation phenomena in the service sector.

The basic assumption is that the impact of tariffs on inflation will be temporary.

There is a need to manage the risk of "inflation being stubbornly persistent."

Economic growth is moderate and largely reflects a slowdown in consumer spending.

The housing market remains weak