DowJones INTRADAY Key Trading Levels post CPI dataThe softer-than-expected inflation data has fueled optimism among equity investors, as cooling inflation could alleviate pressure on the Federal Reserve to maintain an aggressive tightening stance. The positive market reaction suggests that participants are increasingly pricing in the possibility of a more gradual approach to interest rate adjustments.
With inflation appearing to moderate, the Federal Reserve may be more inclined to pause or slow the pace of rate hikes in the coming months. The data supports the case for a more dovish stance, as policymakers assess the effectiveness of prior rate increases and the risk of economic slowdown. Markets will continue to monitor upcoming economic releases and Federal Reserve statements to gauge the likelihood of a shift toward a less aggressive monetary policy.
Key Support and Resistance Levels
Resistance Level 1: 42256
Resistance Level 2: 42600
Resistance Level 3: 43000
Support Level 1: 41150
Support Level 2: 40576
Support Level 3: 40073
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