NEW YORK — Soft-landing hopes that have powered United States stocks this year received a boost following encouraging inflation data and a nod from the Federal Reserve (Fed) at progress made in fighting consumer prices.
Expectations for a so-called soft landing, in which the Fed is able to tame inflation and eventually cut interest rates while growth remains resilient, have been a key factor in the S&P 500's march to record highs in 2024.
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