US Stocks Rebound As Treasury Yields, Dollar Fall On Dovish Fed Remarks, Gold Hits $2,040: What’s Driving Markets Tuesday?

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Benzinga

U.S. stocks experienced a welcome resurgence on Tuesday, buoyed by the latest comments from Federal Reserve officials. Federal Reserve Governor Christopher Waller indicated that if inflation continues its downward trajectory over the next few months, there could be strong economic justification for reducing the policy rate. “If inflation consistently declines, there is no reason to insist that rates remain really high,” Waller said. In a similar vein, Fed Governor Michelle Bowman acknowledged the need for further policy tightening to bring inflation in line with the Fed’s target. These dovish …

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