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The European session was largely quiet on Monday.
Stock futures were mixed in early morning trading after US market indices closed at record levels on Friday after better-than-expected non-farm payrolls report for October.
Futures on the Dow Jones Industrial Production Index rose 85 points, while the S&P 500 Index settled, and Nasdaq futures traded marginally lower.
The moves in futures trading came after the US House of Representatives late Friday passed a more than $1 trillion infrastructure bill.
Gold rose in Monday morning trading in Asia, hitting its highest level in two months. The dollar also gave the yellow metal a boost.
“Policy path outlined in September dot plot would be consistent with Fed’s framework if current inflation and jobs forecasts are met.”
“Repeat of 2021 inflation next year would not be a policy success.”
“Core PCE inflation measured since Feb. 2020, before the pandemic, through Sept. 2021 already averaging 2.8%.”
Federal Reserve Vice Chair Richard Clarida said on Monday. By Retuers
