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

Wall Street rallies to records after inflation slows

Hopes that inflation is finally heading back in the right direction swept through Wall Street Wednesday and ignited a record-setting rally for U.S. stocks.

CNBC Daily Open: Wall Street hits record highs as rate cut bets rise on soft inflation data

For the first time this year, inflation cooled more than expected, propelling stocks to record highs.

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Wall Street Rallies to Records After Inflation Finally Slows

U.S. stocks rallied to records on hopes that inflation is heading back in the right direction.

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

The benchmark S&P 500 and the Nasdaq notched record closes on Wednesday, with both advancing more than 1%, after a smaller-than-expected rise in consumer inflation bolstered hopes for interest rate cuts by the Federal Reserve.