New York CNN — Stocks are trading near record highs after Wall Street entered long- awaited clarity on the path for affectation and interest rates. Can that last? The request has been on a gash in 2024, driven advanced by robust commercial earnings and the artificial intelligence smash. That rally has been challenged in recent months by a slew of hotter- than- anticipated affectation reports and profitable data, which prodded enterprises that the Federal Reserve would stay longer than anticipated to cut rates. The S&P 500 and Nasdaq Composite indicators both settled several record closes last week as cooler- than- anticipated May Consumer and Patron Price indicator reports raised Wall Street’s expedients that affectation is coming down again. Still, the Fed held interest rates steady on Wednesday and gestured just one cut for this time, smaller than the three it preliminarily projected. Dealers anticipate the Fed to begin easing rates in September at the foremost, according to the … Read more