US30 Gains as Powell Takes Cautious Inflation Approach

The US30 index is exhibiting bullish momentum following a break above key resistance levels. This surge is fueled by recent developments highlighted in an article discussing Federal Reserve Chair Jay Powell's measured response to escalating inflation. Unlike previous statements, Powell's composed approach towards inflation, aiming to avoid aggressively targeting a 2% threshold, is gaining attention. The article suggests that Powell's strategy could be prudent, considering the potential adverse effects aggressive inflation targeting might have on the economy. It highlights signs of economic deceleration alongside persistent inflation, attributed to structural shifts. Powell's cautious stance is viewed favorably as it aims to mitigate unnecessary damage, such as exacerbating inequality and financial instability, thus contributing to the bullish sentiment surrounding the US30 index.

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