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Powell says economy slowing as expected

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Tesla slips as Cybertruck priced above initial forecast

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Indexes up: Dow 0.39%, S&P 0.30%, Nasdaq 0.12%

(Updated at 11:43 a.m. ET/ 1643 GMT)

By Shristi Achar A and Amruta Khandekar

Dec 1 (Reuters) - Wall Street's main indexes inched higher on Friday after Federal Reserve Chair Jerome Powell acknowledged progress in lowering inflation, encouraging expectations the central bank was done with its interest rate hiking campaign.

Powell noted a key measure of inflation was near the Fed's 2% target and that it was clear the U.S. monetary policy was slowing the economy as expected.

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