<p>Powell: It's time to adjust policies, not seeking or welcoming further cooling of the job market. My confidence in inflation falling to 2% has increased.</p>

.IXIC

.SPX

<p>Powell: It's time to adjust policies. I do not seek or welcome further cooling of the job market. My confidence in inflation falling to 2% has increased</p>

- Powell suggests policy adjustment as he sees a cooling job market and gains confidence in inflation hitting 2%. US 10-year Treasury yield drops to nearly 3.8%, with a significant intraday decline of over 5 basis points. Shorter-term yields also decrease, with the 2-year Treasury yield falling below 4% to about 3.9450%. Stock markets surge, with S&P 500 up 1%, Dow Jones rising over 300 points (0.76%), and Nasdaq climbing 244 points (1.39%). Semiconductor and small-cap indices rise, along with banking stocks.

Powell: It's time to adjust policies, and US stocks soar straight up

ETF

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