by Reuters
Kitco
June 12 (Reuters) – U.S. stocks rose broadly on Wednesday, with the S&P 500 and the Nasdaq touching fresh record highs after softer inflation data lifted hopes for central bank rate cuts, while Apple overtook Microsoft to become the world’s most valuable company.
As the focus shifts to the Federal Reserve’s policy announcement, markets will zero in on Chair Jerome Powell’s press conference and the Fed’s updated “dot plot”, which shows where policymakers expect interest rates to stand this year and long term.
Interest rates are overwhelmingly expected to remain unchanged at the meeting.