Despite inflation worries, the market edges higher as investors analyze data and await the release of the Consumer Price Index. Federal Reserve Chairman Powell's comments on inflation indicate a stable interest rate outlook, boosting market confidence.
Meme stocks like GameStop and AMC surge again, resonating with the 2021 frenzy but with analysts believing the current enthusiasm differs. Wall Street shows optimism for future interest rate cuts as the US indices rise amidst speculation on monetary policy easing.
Overall, the market remains cautiously optimistic despite lingering inflation concerns.
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