Powell's Counterattack is not Fierce Enough and Market Continues to Take Risks

On Tuesday Eastern Time, the three major US stock indexes closed with gains amidst ups and downs. Although Federal Reserve Chairman Powell made hawkish remarks, his tone was no more hawkish than last week's speech, hence the market chose to take risks. In the interview that day, Powell emphasized that there will be "several interest rate hikes" in the future and interest rates will not be cut within this year, but the market placed more emphasis on the description of "inflation began to slow down".