US Equities stayed upbeat on Monday and rose toward all-time highs as anticipated market volatility did not occur after Donald Trumps assassination attack increased his chances of winning the White House. Optimism about interest rate cuts by the Fed, and rising prospects of former President Donald Trump winning the upcoming presidential elections rendered the mood positive on Wall Street. Powell said on Monday that recent data add somewhat to confidence that inflation is returning to target and that the central bank will not wait until inflation hits 2% before cutting rates.
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