According to BlockBeats news, on August 13, Wall Street remained calm, as the expected inflation data intensified speculation in the market about a rate cut by the Federal Reserve in September, driving the stock market up and short-term bond yields down.
All major sectors of the S&P 500 Index rose, with the index increasing by 1.1%, reaching a new all-time high. The Nasdaq 100 Index also reached an all-time high. The Russell 2000 Small Cap Index rose by 3%. Although the initial upward momentum of government bonds weakened, the money markets anticipate about a 90% chance of an interest rate cut by the Federal Reserve next month. The yield on the two-year Treasury note, which is more sensitive to upcoming policy changes, fell 4 basis points to 3.73%.
The dollar fell. The core inflation rate in the U.S. rose to its highest level since the beginning of the year, but the slow increase in commodity prices eased concerns about tariff-driven pressures. In the stock market, renewed bets on low interest rates fueled a rally supported by ongoing enthusiasm for artificial intelligence and strong corporate earnings.