Wall Street Hits Record Highs Despite Rising Inflation | CNN2.0

U.S. stocks surged to record closes as August inflation data met expectations, fueling hopes of a Federal Reserve rate cut in September. The Dow broke past 46,000 for the first time, while the S&P 500 and Nasdaq also reached new highs. Despite inflation pressures from groceries and fuel, investors cite softening labor markets and bet on easing monetary policy.

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