Atlanta Fed President Raphael Bostic on Monday said it will take a "couple of months" to understand the inflation dynamics as the economy reopens. He backs the continuation of the central bank's easy-policy stance.
European stocks edged lower on Monday, as investors weighed signs that COVID-19 infections are continuing to spread in Asia, even as fears about inflation appear to have subsided.
Global equities kicked off trading on Monday with a mixed session in Asia. Taiwan stocks took a hit from fresh pandemic restrictions, while Chinese stocks gained.