Futures up as Feds Downplay Inflation

The market is seeing gains in response to the Federal Reserve playing down the risk of persistent inflation. A gauge of dollar strength against numerous peers showed it at its lowest level since January.

Fed comments which were a reiteration by officials that they expect transitory rather than lasting price pressures from the US economic rebound. have aided market sentiment. Officials Brainard, Bostic and Bullard said that they wouldn’t be surprised to see bottlenecks and supply shortages push prices up in coming months as the pandemic recedes, but that most of those gains should be temporary.

Tune in to hear what's moving Tuesday's market and where to trade to end up in green.