Stocks continue higher after barrage of Fed speakers

Many Fed officials spoke Monday, reiterating that inflation is only temporary and the central won’t scale back stimulus any time soon. 

“We’re not quite there yet; I think we will get there in the months ahead… I think there will come a time when we can talk more about changing the parameters of monetary policy; I don’t think we should do it when we’re still in the pandemic,” Bullard told Yahoo Finance.

However, inflation is still rampant everywhere, and commodities continue to be bought on any dips. 

Later in the day, the US housing price index is due, along with the S&P/Case-Shiller Home Price Indices, which are expected to show further price pressures. 

Additionally, new home sales will be published as well. 

US indices are rising every day again, with the benchmarks about to test their previous all-time highs. In Europe, the German DAX rose to new all-time highs today, despite the rising EURUSD pair, which is trading at five-month highs at around 1.2250.

Source: https://www.axiory.com/market-news/stocks-continue-higher-after-barrage-of-fed-speakers