S&P 500 Reclaims Record High as Inflation Cools, Fed Policy Outlook Brightens
• S&P 500 hits a record high, erasing losses since start of 2022 amid high inflation and recession worries • Inflation has been cooling since peak; economy still growing with low unemployment • Fed has hiked rates sharply but may start cutting sooner than expected • Consumer sentiment and inflation expectations seem anchored • Big Tech stocks led markets higher in 2022; S&P 500 return to record shows patience pays off for long-term investors