Powell's comments had a positive impact, against the backdrop of Fed Chairman Jerome Powell's speech to Congress, saying that the U.S. economy no longer shows signs of overheating. Powell reassured investors amid the continuous release of economic data, emphasizing that the labor market seems "perfectly balanced." Important reports due later this week, including initial jobless claims and consumer indexes, are expected to provide further insight into economic trends and their potential impact on financial markets.

Powell's comments had a positive impact