Despite Powell's Rate Cut Signal, Market Outlook Remains Uncertain [3-Minute Brief]

[At a Glance]
1. Powell: "Rising risk of slower job growth"... Cautious pace for rate cuts this year
2. Q2 insurance company loan balance down 2.4 trillion won... Delinquency rate rises
3. Ethereum, the No. 2 cryptocurrency by market cap, surpasses $4,900 for the first time

MARKET INDEX

○New York Stock Exchange falls across the board amid concerns of "overblown rate cut expectations"

○Diverging forecasts on the scale of rate cuts within the year

○July PCE inflation up 2.9% year-on-year... Rate of increase expands

TOP 3 NEWS

■ Powell opens the door to a September rate cut, but the scale of cuts this year remains uncertain

○Powell: "Risk balance has shifted... Policy stance may be adjusted"
○More cautious tone than last year's Jackson Hole speech
○85% probability of a September cut... Diverging outlooks on the total rate cuts this year 

■ Q2 insurance company delinquency rate jumps to 0.83% amid aftermath of Homeplus crisis

○Total loan balance: 265.4 trillion won
○Down 2.4 trillion won from previous quarter
○Non-performing loan ratio at 1%... Up 0.08 percentage points from previous quarter 

■  Ethereum surpasses $4,900 for the first time... Market cap briefly approaches 830 trillion won

○Bitcoin falls 1.97% from previous day
○September US rate cut expectations
○Stablecoin activation seen as a positive factor

Graphic News: Solar stocks plunge 11% after Trump comment... Emergency for solar energy shares

○"Solar power generation is the scam of the century"

○OCI Holdings hits record high, then reverses

○Domestic solar energy stocks on alert after Trump's remarks

Money-Making Law

■ Corporate rehabilitation speeds up, can be initiated in just one month

○Average period shortened from 49 days to 34 days in one year
○Suwon recorded 16.8 days this July
○Busan benefits from "jurisdiction absorption effect"
☞Read the article:  https://www.asiae.co.kr/article/2025082514573795510

■ "Administrative scriveners cannot perform judicial scrivener work"

○"Non-judicial scriveners prohibited from such work" ruled constitutional
○Some room for broad legal interpretation
○Constitutional Court: "Does not exceed legal discretion"
☞Read the article: https://www.asiae.co.kr/article/2025082514595307654

■ "Unjustified transaction delays" vs "Favorable to Samsung"

○Fair Trade Commission vs Broadcom
○Dispute over cancellation of 19.1 billion won fine
○Broadcom: "Aimed to make supply contract fairer"
☞Read the article:  https://www.asiae.co.kr/article/lawtimes/2025082515011915717

※ "Money-Making Law," a content partnership section between Asia Economy and Law Times, is published every Tuesday and Thursday.

Today's Key Schedule

○Domestic

○International

08:01 UK BRC Shop Price Index (YoY)

14:00 Japan BoJ Core CPI (YoY)

21:30 US Core Durable Goods Orders (MoM) (July)

23:00 US CB Consumer Confidence Index (August)

◇Lunchtime & Commute Weather

○Lowest temperature: 26℃(▼1℃) ｜Highest temperature: 31℃(▼1℃)
○Chance of precipitation: 90% in the morning｜20% in the afternoon
○Fine dust: Good in the morning｜Good in the afternoon

All the essential, high-value economic news you need, in just three minutes. Published daily at 8 a.m.