Former President Donald Trump stated that he has heard Federal Reserve Chair Jerome Powell plans to cut interest rates in September 2025. This assertion has coincided with a marked increase in market expectations for a rate cut, with probabilities rising from around 39% before the July jobs data release to approximately 89% as of early August. The upward revision in rate cut odds follows a significant downward adjustment of 258,000 jobs in US job growth figures for May and June. Market futures have responded positively, recovering from previous declines amid the growing anticipation of a Federal Reserve policy pivot. Analysts and traders are increasingly pricing in a September rate reduction, reflecting shifting economic outlooks and labor market data.