New York (AFP)

The New York Stock Exchange concluded in dispersed order Wednesday after comments from the boss of the American Central Bank (Fed) Jerome Powell once again assuring that inflation is temporary.

According to final results, the Dow Jones index ended up 0.13% to 34,933.23 points, the Nasdaq, with strong technological coloring, fell 0.22% to 14,644.95 points.

The S&P 500, which started on a new record during the session, concluded with modest progress of 0.12% to 4,374.30 points.

Before a committee of the House of Representatives, Jerome Powell again sought to reassure the evolution of prices, despite another striking inflation figure released on Wednesday.

The wholesale price index climbed 1% in June alone and 7.3% year-on-year, its highest level then the introduction of this figure 11 years ago.

Inflation "should remain high for the next few months before slowing down", assured Mr. Powell, promising that the Fed would continue to provide "strong support to the economy until the recovery is complete".

"The markets have taken a cautious approach," commented Schwab analysts while the producer price index was added the Fed's Beige Book, an economic activity report which also showed "that price pressures were widespread."

For Tom Cahill of Ventura Wealth Management, "investors are wondering to what extent the Fed will end up admitting that it has underestimated inflation."

According to him, the Central Bank "risks losing credibility".

"Inflation figures are becoming more and more of a challenge and if they continue to show up like this in the coming months, the Fed will be forced to readjust the timing of its reduction in asset purchases," which support the reprise.

In equities, despite reporting strong earnings, Bank of America finished down 2.51%, but competitor Wells Fargo climbed 3.98%.

Delta Airlines, which posted its first profit since the pandemic, dropped 1.57% to 40.68 dollars but American Airlines gained 3%.

Apple finished at an all-time high of $ 149.15 (+ 2.41%).

Following the reassuring comments of the Fed boss on the continuity of monetary policy, the rates on the US 10-year debt eased to 1.3475% against 1.4166%.

© 2021 AFP