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Fed s favorite inflation gauge is expected to show very slow progress on Friday

Fed s favorite inflation gauge is expected to show very slow progress on Friday
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The American shopping spree is losing steam

The American shopping spree is losing steam
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Wall Street boasts record closes as inflation data fuels rate-cut bets

Tepid U.S. Consumer Price Index (CPI) data for April fueled optimism that inflation was easing after three months of higher-than-expected numbers. This led traders to raise bets that the Fed will cut its policy rate in September and December.

Wall Street boasts record closes as inflation data fuels rate-cut bets

Wall Street boasts record closes as inflation data fuels rate-cut bets
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Stocks Boast Record Closes on Renewed Rate-Cut Bets

Stocks Boast Record Closes on Renewed Rate-Cut Bets
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