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The S&P 500 Index topped the 5,300 milestone last week for the first time ever, underscoring strong confidence. The latest rally is driven by new bets for rate cuts as soon as September after April inflation data cools for the first time in six months. Traders now see a 68% chance of the Fed's first rate cut in September, per the CME FedWatch Tool.
Lower interest rates generally lead to reduced borrowing costs, helping businesses to expand their operations more easily and resulting in increas...
>>> Read more: ETFs to Bet on Analysts' Bullish Forecast for S&P 500
Lower interest rates generally lead to reduced borrowing costs, helping businesses to expand their operations more easily and resulting in increas...
>>> Read more: ETFs to Bet on Analysts' Bullish Forecast for S&P 500
