US Stocks surge as Fed meeting, benign inflation keep soft landing hopes alive

U.S. stocks surged as soft landing hopes rose following encouraging inflation data and Federal Reserve comments on progress in controlling prices. The S&P 500 hit record highs, buoyed by expectations that the Fed could tame inflation and cut interest rates while sustaining growth. Despite a strong economy delaying rate cuts, investor optimism remained robust, driven by resilient growth and positive corporate earnings. The Fed's cautious approach highlights the delicate balance in navigating economic stability.

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By David Randall and Lewis Krauskopf

Soft landing hopes that have powered U.S. stocks this year received a boost following encouraging inflation data and a nod from the Federal Reserve at progress made in fighting consumer prices.

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