Xin Lang Cai Jing·2025-08-24 10:29Core Viewpoint - The Federal Reserve Chairman Jerome Powell highlighted the dual challenges of inflation pressure and a cooling labor market in the U.S., emphasizing the economic downturn risks associated with the labor market cooling, which has increased the likelihood of a rate cut in September [1] Group 1: Economic Indicators - The dovish remarks from Powell have led to a significant drop in the U.S. dollar index [1] - The prices of non-ferrous metals, which are sensitive to interest rates, have shown strong performance [1] Group 2: Market Conditions - Non-ferrous metals are gradually emerging from the off-season, with inventories nearing a turning point [1] - The sector possesses both commodity and financial attributes, providing a dual boost [1] - The valuation of the non-ferrous sector is relatively low, indicating a high cost-performance ratio for allocation [1]