Stocks inch higher, euro dips; focus on Fed comments, data

NEW YORK, Sept 23 - Global stock indexes inched higher on Monday as comments by Federal Reserve policymakers suggested last week's big interest rate cut was justified, while the euro fell against the dollar as business activity readings of the euro zone economy disappointed.

Atlanta Federal Reserve President Raphael Bostic said the U.S. economy is close to normal rates of inflation and unemployment and the Fed needs monetary policy to"normalize" as well. The Dow Jones Industrial Average , opens new tab rose 35.62 points, or 0.08%, to 42,098.98, the S&P 500 , opens new tab rose 12.33 points, or 0.21%, to 5,714.88 and the Nasdaq Composite , opens new tab rose 24.80 points, or 0.14%, to 17,973.12.MSCI's gauge of stocks across the globe , opens new tab rose 2.30 points, or 0.27%, to 839.67. The STOXX 600 , opens new tab index rose 0.4%.

Data on durable goods orders is due later this week. But investors are especially anxious to see the Fed's preferred inflation gauge, the core personal consumption expenditures index, which is due Friday.

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