Stocks Set New Records, Fed Cut Coming? | What You Missed 5/15

Wall Street traders sent stocks to all-time highs as bond yields slumped after an inflation slowdown reinforced bets the Federal Reserve will cut interest rates as early as September. The S&P 500 notched its 23rd record in 2024 as data showed the consumer price index cooled for the first time in six months. Wall Street’s “fear gauge” - the VIX - sank toward the lowest since December.
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