US equities hit record high on positive inflation data



On Wednesday, the S&P 500 and the Nasdaq achieved new record closing peaks for the third day in a row. Concurrently, U.S. Treasury yields recovered from earlier drops as investors evaluated a positive inflation report against reduced expectations for interest rate cuts.

Following the U.S. Federal Reserve's decision to keep interest rates steady at the end of its two-day policy meeting, along with the release of its accompanying policy statement and Summary of Economic Projections, the dollar showed signs of strengthening, reversing some of its previous weakness.