Federal Reserve Chair Jerome Powell stunned markets at Jackson Hole with a surprisingly dovish shift. Instead of sticking to an inflation fight, Powell warned that risks to employment are rising and suggested the Fed may adjust policy if growth slows further.
Markets reacted instantly: Treasury yields fell, the U.S. dollar slid, and traders now fully price in a September rate cut with a 91% probability. Stocks ripped higher, with Coinbase, ARM, Tesla, Intel, and other growth names leading the rally.
This short video breaks down Powell’s remarks, the market reaction, and the 10 stocks rallying the most after his speech.
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