Inflation Becomes Wall Street’s Next Big Test After U.S. Stocks Hit Record Highs

Wall Street has just seen one of its biggest comebacks this year, but another important challenge is coming up soon. The stock market just regained ground it had devoted weeks trying to recover. The S&P 500 closed at a fresh record after a strong stretch of trading, but investors are already anticipating the July Consumer Price Index report. That inflation reading could determine whether Wall Street’s recent momentum has a stronger foundation or whether traders have moved too far ahead of the Fe