At the Jackson Holeeconomic Policy Symposium last week, Federal Chairman Jerome Powell sent a direct message to stock investors that the central bank would allow inflation to be exaggerated for a period of time before stabilizing at a 2% long-term target. In the near future, the Fed is likely to remain supportive in its monetary policy, even though the economy faces overheating and increasing inflation throughout the recovery period.
From technical analysis, US30 has completed wave 5 and it is possible to start forming corrective wave before going higher. The best entry price is at 27496 where the Fib meet with SnR level.
From technical analysis, US30 has completed wave 5 and it is possible to start forming corrective wave before going higher. The best entry price is at 27496 where the Fib meet with SnR level.