Fed Emphasizes Inflation Components Amid Stocks Rally

The US Federal Reserve's Goolsbee stressed that components of inflation matter as much as its overall pace. This guidance will help shape monetary policy, he said.

US stocks started the week on a positive note due to declining oil prices and optimism surrounding talks between Washington and Beijing.

Oil prices have fallen for four consecutive days as supply concerns ease due to improving flows through the Strait of Hormuz and prospects for renewed diplomacy over the Iran conflict.