S&P 500, Nasdaq Climb as Soft Inflation Cools Fed Rate Hike Bets
The S&P 500 and Nasdaq showed gains on Wednesday, on track for monthly increases, as a less-than-expected inflation reading reduced expectations of a Federal Reserve rate hike in October.
By Chuck Mikolajczak and Shashwat Chauhan. The S&P 500 and Nasdaq rose on Wednesday, with both on track to finish September with monthly gains, after a softer-than-anticipated inflation reading tempered expectations that Federal Reserve policymakers would raise rates in October. The US Commerce De…