World equity markets made gains while the U.S. dollar hit new lows against major currencies on Tuesday after Federal Reserve officials reaffirmed a dovish monetary policy stance that eased inflation concerns. Investors weighed the Fed’s soothing words that put to rest tapering worries for the time being and helped to drive the dollar to four-and-a-half-month lows. “People are starting to come around to the notion that the Fed is right to be careful about inflation because of the difficulties of COVID around the world,” said Jamie Cox, Managing Partner at Harris Financial Group in New York.
