The Federal Reserve's decision to maintain interest rates and its cautious approach towards trimming them have caused fluctuations in the stock market. Despite initial volatility, stock indexes closed at record highs as Fed Chairman Powell emphasized labor market strength and a desire for inflation to decrease steadily.
Investors are closely watching for clues on potential rate cuts, with the market reacting to May's lower-than-expected Consumer Price Index data. Analysts predict potential rate cuts in September, with uncertainty lingering over the Fed's next move amid economic anxieties and global market conditions.
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