The benchmark S&P 500 and the Nasdaq traded at record highs on Wednesday after a lower-than-expected increase in a key inflation metric bolstered hopes that the Federal Reserve will cut interest rates this year. The blue-chip Dow edged closer toward hitting the 40,000 milestone for the first time, while the two other major indexes surpassed record highs hit in March. Tepid U.S. consumer prices data for April led traders to raise bets that the Fed will cut its policy rate in September and December.
Exclusive: Pollsters tell PM that right-wing rhetoric on sex education in schools is ‘not a winning strategy’ while Starmer lampoons him as ‘jumped-up milk monitor’ over plans to ban rainbow lanyards
Five-star recruit Cormani McClain has a new home after one season at Colorado. He reportedly is return to his home state and will play for Florida.