The Fed is seen delivering another large rate hike in three weeks’ time and ultimately lifting rates to 4.75%-5% by early next year, if not further, after the inflation report. Although traditionally considered an inflation hedge, interest rate hikes to combat soaring prices have reduced bullion’s appeal since it yields no interest.
US stocks today: S&P 500 hits record closing high on AI optimism, Micron joins $1 trillion club
US stocks closed mixed with Nasdaq and S&P 500 hitting record levels as AI-driven optimism lifted tech and chip stocks. Micron surged into the $1
May 26, 2026