During the Jackson Hole conference, Federal Reserve Chair Jerome Powell alarmed by the increasing risks to employment, mentioned that the Fed might need to adjust its policy stance if the current economic slowdown persists. This unexpected dovish message caught Wall Street by surprise as many economists anticipated a more cautious, inflation-centric approach from Powell, with no hints of rate cuts. However, Powell emphasized concerns about the labor market and admitted to the weakening growth, hinting at future easing measures. As a result, market reactions were swift - with a September rate cut now seen as inevitable. Treasury yields dropped, the U.S. dollar took a sharp decline, and stock prices surged, especially notable in the QQQ exchange-traded fund. Stay updated on live prices by visiting the link provided. For further details, refer to the complete story on Benzinga.com.