Growing value: A trader works in the S&P 500 stock index options pit in Chicago. Rising estimates for corporate profit growth are supporting stocks. ― Bloomberg
NEW YORK: Investors will be zeroing in on the Federal Reserve’s (Fed) monetary policy meeting soon as a “Goldilocks” market environment that has helped lift stocks to record highs and tamed a bond selloff is tested by rising inflation.
Stocks have climbed steadily in recent weeks and now stand at fresh records, extending a rally that has seen the S&P 500 gain 13% this year and nearly 90% from its March 2020 low.
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