I would like to share with you excerpts from Mott Capital article published in Seeking Alpha:

Powell finally delivered a direct message. In his Jackson Hole speech, in the opening paragraph, he made it clear that his remarks would be shorter and the message would be more direct. That it was. Very simply, rates still have further to rise, and once there, they will stay there for some time.

Futures, bonds, and dollar markets were already picking up on that message. The only market left...