The US stock market rallied to records on Tuesday after data suggested inflation across the country was a touch better last month than economists expected. Stocks got a lift.
The US stock market rallied to records on Tuesday after data suggested inflation across the country was a touch better last month than economists expected. Stocks got a lift from hopes that the inflation report will give the Federal Reserve leeway to cut interest rates at its next meeting in September.
Lower interest rates would give a boost to investment prices and to the economy by making it cheaper for US households and businesses to borrow to buy houses, cars, or equipment, the AP reports.
