New Delhi, Aug. 23 -- US Fed Chair Jerome Powell's speech at the Jackson Hole symposium included subtle hints about a rate cut as soon as the next meeting in September. Powell said there was some scope for policy adjustments as the jobs market is weakening. However, inflation remains a key concern and may rise in the coming months due to tariffs.

Following Powell's speech, the US benchmark 10-year treasury yields crashed 1.7 per cent, while the dollar index fell about a per cent. On the other hand, equity indices Nasdaq, Dow Jones and S&P 500 jumped up to 2 per cent, indicating the market was pricing in a rate cut next month.

In his eighth and final speech as Fed Chair at the annual huddle, Powell said the Fed is facing a challenging si...