The US$1.2-trillion package over eight years includes a focus on roads and U.S.
In New York, the Dow Jones industrial average was up 237.02 points at 34,433.84.
Core PCE rose 3.4 per cent year-over-year, which is above the Fed’s two per cent target and the fastest increase since the early 1990s.
“I think it is going to be the biggest theme for the remainder of the year.