NEW YORK (AP) — U.S. stocks rallied to records Wednesday after the Federal Reserve indicated it’s likely to deliver the cuts to interest rates this year that Wall Street craves, despite some discouragingly high inflation reports.
The S&P 500 jumped 46.11 points, or 0.9%, to 5,224.62 and set an all-time high for a second straight day. It’s already run up 9.5% so far in this young year, which is a bit better than the average for a full year over the last two decades.
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