Market Surges Amid Fed Rate Cut Speculations and Robust Tech Earnings
Published on: Aug. 13, 2025, 12:20 a.m. | Source: Devdiscourse
The S&P 500 and Nasdaq hit record highs as July inflation aligned with predictions, boosting hopes for a Federal Reserve rate cut. Technology sector gains and easing trade tensions with China supported the rally. The CPI's modest rise fueled expectations for a 25-basis-point cut in September.
